T1. Fixed Rate Mortgages: This topic will introduce the learner to fixed rate mortgages (FRMs) and will instruct him/her on the advantages and disadvantages of using FRMs.
T2. Adjustable Rate Mortgages: This topic will teach the learner about Adjustable Rate Mortgages (ARMs), indices, and pricing ARMs so s/he is prepared to evaluate ARMs for the lender and for the borrower.
T3. Jumbo Loans: This topic will define the term and use of jumbo loans for the learner so that s/he understands the nature and risks of jumbo loans.
T4. Conforming Loans: This topic will define for the learner the term ôconforming loanö so that s/he understands the criteria for conforming loans and the advantages to them.
T5. FHA and VA Loans: This topic will teach the learner about Federal Housing Administration (FHA) loans and Veterans Affairs (VA) loans so s/he understands why these loans are designed and how eligible areas are designated.
T6. Other Types of Loans: This topic will teach the learner about the other types of loans, such as balloon mortgages and blanket loans, which s/he might encounter in the role of a lending officer.