Income Sources

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The Real Estate Business
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Chapter 8
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Types of mortgages
- Qualifying for a Loan
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- Total Obligations Ratio Calculation
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- Common Types of Mortgages
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- Components of a Mortgage Amortization Table
- Adjustable Rate Mortgage (ARM)
- Components of an ARM
- Components of ARM 2
- How Negative Amortization
- Custom Mortgages
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- Home Equity Loans & Home Equity Line of Credit (HELOC)
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- Characteristics of FHA Mortgage Loans
- Down Payment and Limits
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- Qualifying Ratios and Interest Rates
- Appraisal, Costs, Assumption, and Prepayment
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- Condominiums and Adjustable Rates
- VA Loan Guarantee Program
- Qualifications and Eligibility
- Lending Source and Eligible Property
- Discount Points and Loan Origination Fee
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- Entitlement and Reusing the Entitlement
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- Circulate the Mortgage Money Supply
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- Common Types of Mortgage Fraud
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- Ethical Practices
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- Income Sources
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- Regulation Z
- Full Disclosure and APR
- Consumer Credit Protection Act (Truth in Lending Act)
- Real Estate Settlement Procedures Act (RESPA)
- RESPA 2
- TILA-RESPA Integrated Disclosure Rule (TRID)
- Chapter 14 Quiz 10 xp
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Types of mortgages

Section 65 of 72

Under ECOA, lenders cannot discriminate against the source of an applicant's income. This means they cannot refuse to consider reliable income just because it comes from alimony, child support, public assistance programs, or part-time employment. As long as the income is stable and likely to continue, it must be treated with the same weight as a standard salary.