Examples of sources of real estate financing should include
- savings associations
- owner financing
- commercial banks
- mortgage brokers
- insurance companies
- credit unions
- pension funds
- endowment funds
- investment group financing
- mortgage banking companies.
DPOR correlations: 18VAC135-20-400. 6 (Mortgages and deeds of trust); 18VAC135-20-400. 7 (Types of mortgages); 18VAC135-20-400. 12 (Investment); 18VAC135-20-400. 14 (Real estate financing)
Process/Skill Questions:
- What are some sources of real estate financing?
- How is the loan-to-value ratio determined?
- Under what circumstances will owners finance real estate purchases?
- What are the benefits and disadvantages to the borrower in an owner financing agreement?
- What differences in interest rates exist between different sources of real estate financing?
- How do mortgage brokers differ from associates of a commercial bank?