Prequalifying Basics is designed to give originators new to the mortgage banking industry an understanding of the basics concepts of prequalification. The course begins with a look at how to conduct an initial interview with an applicant. The following lessons define, describe, and demonstrate calculation of the loan-to-value ratio, the monthly mortgage payment, and the qualification ratios. The course also addresses loan affordability and calculation of how much the applicant can afford to borrow. This course is designed for new originators who are seeking an understanding of the basic concepts of prequalification. 
  
NOTES:  This is a self-paced, self-study course. Enroll anytime and take up to 8 months to complete the course. For minimum technologies proficiencies and refund policy,  click here.