Learn to interpret and apply the amortization process most commercial real estate lenders are using today. In this 90-minute online course, participants will examine scenarios in which fully amortized mortgages may have an outstanding balance at the end of the amortization period.
After the course, students receive a customized Excel spreadsheet to conduct calculations, including:
Traditional monthly payments, interest, principal, and outstanding balance
Interest, principal, and oustanding balancing using a daily interest rate based on a 360-day year with traditional monthly payments
Effective interest rate when 365-360 U.S. Rule mortgage amortization is used both with and without monthly payment adjustment.
This course can be credited towards the following designations or certifications: