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.

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Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
P. O. Box 540725
Omaha, NE 68154
(402) 660-0395

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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