Real Estate Principals and Practices

Instructor: Jan E. Beran, Esq.


My office address, phone and fax:
3940 Cornhusker Hwy., Suite 100,
Lincoln, Nebraska 68504
Phn: (402) 466-7110
Fax: (402) 466-1950
Website:
My homepage.
Index to educational materials
Send me email.
(beran@aol.com)
| Course Description and Syllabus | Index to Course Materials | 
The Loan and the Consumer
Reading Ch. 12, Jacobus

1.   Truth in Lending Act
     a.   Advertising
     b.   Annual Percentage Rate
     c.   Lending Disclosures
     d.   Lenders affected
     e.   Exemptions
     f.   Right to Cancel
2.   Loan Application
     a.   Universal Residential Loan Application
     b.   Factors Affecting Ability to Repay
3.   Typical Qualification Tests (Rules of Thumb)
     a.   Monthly housing expense (PITI) less than 25% to 30% of gross
          monthly income
     b.   Total Fixed Monthly Expenses should not exceed 33% to 38% of
          monthly income
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| Index to Course Materials | Course Description and Syllabus |


For more information, please contact beran@aol.com

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