Introduction To Loans

Introduction to the Types of Loans


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History of US Mortgages


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Audio Transcript History-of-US Mortgages

The Contract

Please be sure to read your contract. There can be some odd things in there. One of the more important items is the definition of how time periods are related to each other. You can have contracts that specify a that a year is 350 days. In this class, the contract is fairly simple:

  • 7 day = 1 week
  • 4 week = 1 month
  • 30 day = 1 month
  • 12 month =1 year
  • 52 week= 1 year
  • 3 month= 1 quarter
  • 90 day = 1 quarter
  • 12 week= 1 quarter
  • 365 day= 1 year
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