Description
This Suitable Mortgage Options for Borrowers in Financial Distress professional development course aims to address key details relating to mortgage products as solutions for borrowers facing long-term financial challenges and provides a basic strategy for analyzing their suitability. The course is divided into the following modules:
- Course Overview
- Assessing Client Needs and Circumstances
- Mortgage Products for Financial Relief
- Two Case Studies: Refinance and Blend-to-Term
- Prepayment Penalties
- Communicating the Outcome
- Course Summary
Due to the unregulated nature of the private lending sphere, this course will focus on transactions through federally regulated institutions and alternative lenders. Private lenders may offer similar products and services; however, the availability and associated costs will need to be confirmed with the lender, as with any transaction. Ensure that you are also licensed within your province to work within the private lending sphere, if applicable.
- Continuing Education
