16th THURSDAY 1:30pm
Event Location Administrator Event Duration
Sales Class 14 Queens Richard Gravina 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 Richard's Classes Here - https://us02web.zoom.us/j/2174366579

Richard has more than 20 years experience as a licensed Real Estate Agent and a licensed Mortgage Loan Originator, as well as being a Commercial Real Estate Lender.
 
Richard teaches his students that having a knowledge of the Real Estate market, and a basic understanding of the Mortgage Lending fundamentals will make the entire client/customer experience smooth, hassle free and productive.
 
Acquiring this knowledge, together with the ability to successfully communicate  with the client, is the cornerstone of a solid Real Estate career.