Mortgage Math - Chapter 10: Alternative Mortgage Products


In this module, students will learn some of the more unique options in property financing. First, they will learn about Alternative products and second mortgages, and why a borrower may prefer one over the other. They will learn about the unique scenario of a Vendor Take-Back mortgage and the American creation of 100% mortgages.They will then be introduced to wrapped mortgages, and secure credit cards the latter in which are becoming more popular in recent years. Finally, they will talk about the purchase plus improvements option, where work is done to increase the value of the property, and the mortgage is given on the improved value.


Hint: Click each screenshot to enlarge

Duration: 20 minutes

Level: Intermediate

Price: $49.00