1 Chapter 14
CHAPTER 14: Types of Financing
I. Mortgages according to Payments T
A. Adjustable Rate Mortgages
1. Current Format
2. Interest Rate
3. Margin
4. Adjustment Period
5. Interest Rate Cap
6. Payment Cap
7. Negative Amortization
8. Disclosures
9. Choosing Wisely
II. Equity Sharing !
A. “Rich Uncle” Financing “no ”
###Mortgages according to Security Pledged
A. Package Mortgage !””
B. Blanket Mortgage “definition
C. Reverse Mortgage $ and the purpose for each.
D. Construction Loan
IV. Miscellaneous Types of Mortgages
A Blended-Rate Loan
B. Buy-Down Mortgage
C. Equity Mortgage
D. Affordable Housing Loans
1. Credit Criteria
2. Consumer Education
3. 97% Conventional Loan
E. Asset Integrated Mortgage
V. Other Financing Alternatives
A. Seller Financing %””
B. Wraparound Mortgage
C. Subordination
D. Contract for Deed
E. Option &&&%’
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