Types of Mortgages (Non FHA, VA Loans) | Real Estate Exam

In this real estate exam prep video, we discuss several types of mortgages students must know for their real estate licensing exam. These mortgages include:

Open-End Mortgage
Blanket Mortgage
Second Mortgage (junior mortgage)
Term Mortgage
Wraparound Mortgage
Adjustable Rate Mortgage (ARM)
Shared Appreciation Mortgage (SAM)

Key real estate terms discussed are:

Mortgagee
Mortgagor
Partial Release Clause
Contingent Interest
Subordination Agreement

Best of luck with your studies...

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New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.

Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
P. O. Box 540725
Omaha, NE 68154
[phone]

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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.

Cheers,
Paul Vojchehoske

[SamRiley-fugb]

Passing the Real Estate Exam is when you study hard, if you can’t study or you don’t have time for your studies I’d advise you get yourself a help like Mr albert.

[inspectormesa]

Hi Paul, I'm studying for the National Exam, and I've been studying your videos and I wonder if it's too much to ask that you structured your list of videos in such a way as to mirror the portions of the exam so it will be easier to copy the videos in one folder like this:
Property Ownership
Land use controls & Regulations
Valuation & Market Analysis
Financing
General Principles of Agency
Property Disclosures
Contracts
Leasing & Property Management
Transfer of Title
Practice of Real Estate
Real Estate Calculations
Right now, your videos are scattered in no particular order and it takes time to get them organized into a single folder to have them ready to study.
Thanks

.

[wowdude]

You are such a great help keep it up !!

[jackieg]

Love your videos! I understand so many concepts much better after watching your videos. In one of your videos you mentioned that in FHA loans if the loan to value rates reaches 80% the buyer can petition the lender to get the MIP knocked off the loan payment. How would I do that? Should I contact our mortgagee?

[mohammedshahjahan]

I can't thank you enough for passing on how these videos have helped me. you are the blessing on real estate sector.

[punyanepal]

I am a student from Tennessee. I have gone through all most all of your teaching videos. ( National Part) All of them are amazing and crystal clear explanation. I passed the First part of exam in first try. Thank you, sir. If i can figure out your address so i can send a Christmas gift as a token of thanks. Will you please do me a favor by sending your address.

[ginotarabotto]

Fabulous video. Do loan contracts actually have the name of the type of loan, such as a SAM?

[katrynalewis]

What happens if there is a mechanic lien dated before a mortgage loan which would be the priority?

[dandadon]

Hey Paul can you explain construction loans it’s kind of confusing

[alexandrialee_]

Omg the video I have been looking for! Thank you!