Working with Adjustable-rate Mortgages
The popularity of adjustable-rate mortgage (ARM) products typically rises and falls with interest rates. Designed for mortgage professionals, this course goes beyond the surface to empower participants with a nuanced understanding of ARMs. This course considers the benefits and practical considerations for borrowers interested in a residential adjustable-rate mortgage loan.
What will I learn?
By the end of this course, you should be able to:
- Discuss how Adjustable-Rate Mortgages (ARMs) work by breaking down each component.
- Review impacts of the Ability to Repay and Qualified Mortgage Rules
- Consider applicant characteristics before recommending an ARM
Course Length
40 mins
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.