Understanding Mortgages

This course will do a deep dive into the mortgage industry and mortgages. The purpose of the class is to explain how the mortgage industry works to such a level that the students in the class will understand the whys behind the most common questions mortgage applicants/buyers ask and even Realtors wonder about. The course will cover six main topics. We will discuss what a mortgage is, the secondary market for mortgages, types of mortgages, loan level price adjustments, interest rates, and loan estimates and closing disclosures.