28th WEDNESDAY 9:00am
Event Location Administrator Event Duration
Sales Class 14 Manhattan John Peitler 3.75hr



Chapter 14 – Mortgage Basics

  • Types of mortgages and their particular uses.

  • Typical legal clauses found in mortgages.

  • The process of judicial foreclosure and the equitableright of redemption.

  • Lending regulations designed to protect borrowers.

  • What information is required on a loan application.

  • Qualifying standards for conventional, FHA-insured, andVA-guaranteed loans.

  • The difference between a mortgage banker and a mortgagebroker.

  • What the responsibilities of a mortgage broker are.

  • The state registration requirements for mortgagebrokers.

  • New York requirements for dual agency disclosure.

Take John's Classes Here - https://us02web.zoom.us/j/9425292516

John has been in the Real Estate and Finance industry since 1989.He started his finance career at American Funding a Brooklyn based mortgage Brokerage company.  He became the manager for the Sheep’s head bay branch and Developed American Funding’s Commercial Department.  It was John’s love of the complexity of commercial Finance that move him to seek out Commercial financing companies.  He became a Managing director at Marine Merchant international bank based in Long Island to learn more about commercial and business loan financing.  From there John moved to become a branch manager for GHMC, and then built a commercial Branch for All Money Mortgage Bankers before finding his home at Diversified financial.

He started Diversified Residential and Commercial Services 11 years ago after his partners retired, and holds his NY Real Estate Brokers license since 2004 and His Pennsylvania Brokers license since 2012. Diversified is a  Full service real estate brokerage company and also a Commercial and residential mortgage brokerage company.  John has financed 100’s of Millions of dollars of properties in 39 of the 50 states in the country, with his largest financing transaction to date of $22,800,000.