Understanding Mortgages Instructor:  Mike Phillips Level 200 NR Hours: 6 No. of Days: 1

Content: This class examines the various mortgage products and sources; provides an understanding of how interest rates are quoted and misquoted; explains the most important part of your Good Faith Estimate; and tells you what the four main government boxes really tell you on your Truth in Lending Statement. Course Objectives: Demonstrate understanding of mortgage terminology. Identify requirements and processes associated with various types of loans. Understand the business aspect of the mortgage industry. Review the criteria of lending valuation systems. Nouveau Riche™ (NR) offers an educational system for entrepreneurs and aspiring entrepreneurs. NR is the exclusive distributor of the materials, content, presentation design and format, which are proprietary products of Nouveau Riche AcademyTM (NRA). Neither NR nor NRA is a degree-granting or vocational program, and neither is accredited with any academic or standards governing board.  As with any College, courses and instructors may be added, changed, or removed from time-to-time. NR and/or NRA reserves the right to make replacements or substitutions to the curriculum, its content, presentation design and format, as it deems necessary to ensure the quality and effectiveness of its Colleges.