Everything you ever wanted to know about real estate finance is covered in detail.  Topics include financing instruments, promissory notes, mortgages, assumptions, priority of loans, foreclosures, deeds to secure debt, types of loans, sources of funds, loan practices and closing costs.

TIME	CONTENT		LEARNING OBJECTIVES After this segment, the student will be able to:
15 min	Financing instruments		Demonstrate an understanding of financing instruments.
15 min	Promissory notes		Explain the use of prepayment and acceleration clause in a promissory note.
45 min	Mortgages		Exhibit an understanding of hypothecation, essential elements and optional elements of mortgages.
15 min	Assumption of mortgages		Understand and explain mortgage assumption.
15 min	Other mortgage documents		Demonstrate an understanding of certificates of estoppel and reduction.
15 min	Priority of loans		List loan priorities and understand the ordering process.
15 min	Foreclosure		Understand judicial and nonjudicial foreclosure.
30 min	Deed of trust		Know the parties to and the clauses involved with a deed of trust.
60 min	Types of loans		Be familiar with a majority of the types of loans available and some of their special characteristics.
30 min	Source of funds		Be familiar with the major lending institutions and their backgrounds.
45 min	Loan practices		Display an understanding of loan-to-value rations, loan charges, loan discounting, factors affecting interest rates, and mortgage insurance.
30 min	Closing costs		Understand, calculate and know the difference in fixed and variable closing costs.
30 min	Prepaid items		Calculate the prepaid amounts on hazard insurance, taxes, interest adjustment, mortgage interest and lender specific items.