Mortgage Basics 101

Understanding the US Mortgage Industry

4.45 (59 reviews)
Udemy
platform
English
language
Finance
category
instructor
Mortgage Basics 101
413
students
1 hour
content
Sep 2021
last update
$34.99
regular price

What you will learn

understanding the concepts of mortgage

understanding the types of properties involved in mortgage

learning the type of loans available for homeowners

understanding the loan documents involved in the process

Why take this course?

Over the years, I have always had difficulty for acquiring important topics of mortgage, I got to know that when I started working in the mortgage industry some time, I did research and made a course where you can learn everything that is involved in mortgage within 1 hour. But in order to do so, you may have to pause the module and repeat it sometimes so that you can ace the course. My intent was to create something that will help you when someone talks about Mortgage with ease.

In this course, we will cover everything you need to know to be knowledgeable about mortgages in the United States. We start with the most fundamentals of mortgage business such as Mortgage, Subject Property, Lien, Monthly housing expenses and many more.

This course will give you an understanding of all the things that you need to be aware of before going to a lender as a borrower, job seeker or researcher.

This course contains nearly 41 modules in 7 sections and is structured so you have a clear awareness of how mortgages work specially in the United States:

  • Introduction

  • Mortgage

  • Purpose of Loan

  • HELOC, Amortization and Titles

  • Other parts involved in Mortgage

  • Loan Documents

  • Wrapping up

This program is one of the keep essentials that would help you to have clarity about Mortgage.


Content

Introduction

Introduction to the course and Instructor

What is Mortgage?

Mortgage, Lien and Subject Property
Monthly Housing Expense
Lender and Borrower
Type of Mortgages
Type of Properties

Purpose of Loan

Conventional Loans
FHA loans
Home Equity Conversion Mortgage
VA loans
USDA loans
Rate and Term Refinance
Cash Out Refinance
FHA Streamline Refinance
VA Interest Rate Reduction Refinance Loan

HELOC, Amortization and Titles

Home Equity
HELOC
Fixed-Rate Mortgage
Adjustable-Rate Mortgage
Hybrid Adjustable-Rate Mortgage
Title Company
Title Insurance
Title Search

Other parts involved in Mortgage

Appraiser
Closing agents
NMLS
Fannie Mae, Freddie Mac and Ginnie Mae
Mortgage Broker
Loan Originator, Loan Processor and Underwriter
Loan Origination and Closing Cost

Loan Documents

Credit Report
1003 Form Introduction
Section 1 of 1003
Section 2 of 1003
Section 3 of 1003
Section 4 of 1003
Section 5 of 1003
Section 6 to 10 of 1003
Loan Estimate And Closing Disclosure

Wrapping Up

Types of Lending

Bonus Lecture

Bonus Lecture

Screenshots

Mortgage Basics 101 - Screenshot_01Mortgage Basics 101 - Screenshot_02Mortgage Basics 101 - Screenshot_03Mortgage Basics 101 - Screenshot_04

Reviews

Lakshmi
May 19, 2023
Yes.. So far good.. It would be even better if the differences of each topic can be explained with real life time of mortgage experience
Veronica
December 25, 2022
The instructor seems very knowledgeable of the course material and is giving out great information unknown to myself. Course was extremely helpful and broken down in a way I can understand. Thanks so much!
Ashish
January 14, 2022
It would be more helpful if the slides for each lecture were provided, to follow along. The transcripts for the lectures are not helpful due to bad english transmission.
Mitali
October 9, 2021
This is a very interesting course and I took it just to educate myself about the mortgage industry. I really enjoy the way he explains everything without making it so complicated. I highly recommend his teaching!
Neha
October 3, 2021
It's an intelligently designed course and was taught greatly. I really liked how easy it was made to understand the concept.
Harshit
September 28, 2021
Lectures are very understable and very informative. Now a days mortgage knowledge becoming important for any candidate to take job. Videos are clearly mentioned about basic details. Thank you udemy for such valuable information.
Arunima
September 26, 2021
Honestly, helped me a lot understanding what Mortgage is and I personally made notes of each of the slides presented now, I can go through it whenever I go for an interview.
Maya
September 24, 2021
Honestly, loved the course as I personally was looking for a course which would help me understand the US Mortgage Industry
Som
September 23, 2021
The concepts were explained in a simple language in order for everyone to understand. The topic was made interesting and less complex by the usage of bullet points. Great overall course content.

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Related Topics

4296512
udemy ID
9/13/2021
course created date
9/24/2021
course indexed date
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