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As a student, one thing I have noticed is that when someone posts a question on this forum, most answers from licensed agents tell the person to "go look it up, or ask your teacher!" That is really helpful coming from so-called 'professionals.' NOT! Perhaps it will surprise you to learn all of these questions ARE addressed in the course materials; the course then requires the student to post this question to this blog site. So, the process is a diabolical scam because how can anyone get further insight unless the professionals give real answers instead of the equivalent of "go take a hike!" Thus, I have concluded that either the only professionals who post here are unprofessional wise guys or unaware of the negative impression they give to those aspiring to enter the industry.
Perhaps if you read the posts from your colleagues you may gain a new perspective on what an outsider observes!
An aspiring student
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Jordan Kuehn
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Taylor McDermott
Salt Lake City, UT
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Jessica Chestnut
Eagle Mountain, UT
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Lateesha Record
Kearns, UT
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Ranelle Shaver
St. George, UT
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Shaunna Rose
Clearfield, UT
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Chandler Cordova-Hiler
West Valley, UT
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Shawna McCarthy
Riverton, UT
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Laura Curtis
St. George, UT
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Elise Rudarmel
Stansbury Park, UT
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Alma Martinez
Midvale, UT
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KC Dickinson
3,988,138
This is similar to what I ask my real estate students to answer in class. We share as a class and everyone learns from one another.
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Jessica Chestnut
Eagle Mountain, UT
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Shawna McCarthy
Riverton, UT
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Elise Rudarmel
Stansbury Park, UT
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Bob Betel
Sweetwater, TN
5,584,178
a great question to ask your licensing instructor.... do you always need to find your own answers.... what's his job!!
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
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Dorie Dillard Austin TX
Austin, TX
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Debe Maxwell, CRS
Charlotte, NC
2,244,757
I start a 30 Hour Essentials of Real Estate Financing class Tuesday morning in Malvern , PA . You're welcome to sign up 610- 560 - 4800
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Thomas J. Nelson, REAL...
La Jolla, CA
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Debe Maxwell, CRS
Charlotte, NC
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Michael J. Perry
Lancaster, PA
1,157,841
Each loan has different terms and conditions so reference to the contract should be made as well as discussions with the lender.
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Dorie Dillard Austin TX
Austin, TX
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Debe Maxwell, CRS
Charlotte, NC
5,278,797
This is the stuff of an entire post.... here's my suggestion.... do the research and write a post about it and we will all read and comment on it. Or read a text book and get your answer.
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Bob Betel
Sweetwater, TN
1,610,193
Make 360 payments on time.
or
Sell the property.
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Nina Hollander, Broker
Charlotte, NC
1,713,581
If you don't know this I sure hope you are not working with real estate clients. Take a quality mortgage banker to lunch, daily.
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Nina Hollander, Broker
Charlotte, NC
1,091,675
Haha Barbara Todaro raises a good point === this is way too much info to provide in this forum - there is shorter terms, extra principal, bi-weekly, interest-only, longer terms, NegAm, and more....explaining the amortization for all of them could fill a short book.
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Nina Hollander, Broker
Charlotte, NC
1,045,915
Each loan has different terms and conditions so describing each one and how they can be paid off would be a VERY long blog let alone an answer lol
6,652,282
1,618,024
4,800,282
2,234,753
1,534,104
5,451,525
Make timely payments as per the document. Want to pay it faster, add money to the monthly payment to reduce principal!
8,115,009
3,074,289
5,242,670
4,273,331
5,459,055
I would Google that - there are many different options. And, I too, agree with Barbara Todaro - why doesn't your insructor teach you these things?
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