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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. |
| Understanding Mortgages Instructor: Craig Cottrell Level 200 6 NRU Hours As with any College, courses and instructors may be added, changed, or removed from time-to-time. Nouveau Riche University 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. Craig Cottrell is also featured in The Residential Real Estate Encyclopedia™  | |
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Understanding Mortgages
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on Sun 25 Nov 2007 02:13 AM PST | Permanent Link
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Investor Concierge Testimonials
Darryl Wortham Went from "zero knowledge" before Nouveau Riche, to owning 3 properties in 3 months through the Investor Concierge. He increased personal net worth by at least $50,000. “...within 30 days of joining Nouveau Riche I clicked to purchase a property with $400 positive cash flow...it was a great experience! "
Cheryl Malcham Most recent purchase received over $20K immediate equity and the renters moved in with a lease option the day she closed on the property! “What really impressed me with this property and the RME team was the amount of information that was available to me before I actually clicked on a property. I had all my due diligence done for me right there on the website."
Steve Sundberg Acquired a duplex and a single family home with cash flow totaling around $750/month. “We know what it’s like to follow a real estate agent around with our children in the back seat of the car, making multiple offers and being refused multiple times… we don’t have the time to do that so it’s wonderful to leverage other people’s time and expertise.”
Lori McConnaughey Acquired her first property through the Investor Concierge™ with just $350 out of pocket and gained $14K in equity. She’s purchased 3 properties in 4 months and they’re all out of state. “We always knew we should be doing something in real estate for the long term but didn’t have a clue as to how to get started. After being involved in Nouveau Riche and attending the training seminars we decided to take the plunge and buy that first property.. it was kind of scary to click on the button but we knew we had to start somewhere. It went very well… RME made the whole process go very smoothly!”
Chad Wade First investment property has a positive cash flow of $453/month and $65K in equity. “When you can take advantage of someone else going out and providing the deals the way they do, it’s awesome! …I can concentrate on what I need to do in my life…”
Claudia Dove Purchased first property with no money down and $11K equity. “…it’s so easy anyone can do it…We’re looking forward to doing it over and over again!”
Arlene Kramer Acquired property with 100% financing, received $2500 at closing for a lease option tenant, and has an exit strategy of $45K. “..the Concierge™ found the property for me…with just a click of a mouse, there it is!... they also found the mortgage company… they found my lease option tenant… they did all the work and we were able to close in our own living room!”
Cheri Tree Obtained first property through the Investor Concierge with no money down; had $32K equity and received $1300 back at closing. “…the Investor Concierge™ has changed my life…my properties through the Concierge™ have $130K roughly in equity… and it has given me the confidence to go out and do some deals on my own…”
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