Lesson 2: Mortgage 101

August 29, 2017

Review:

  • How to Buy Real Estate
  • Attendance
  • Properties identified

Presentation:

  • Historical Mortgage Rates
  • Mortgage 101 – 5-part video series at realtor.com
    • Basics
    • Rates
    • Credit Rating
    • Down Payment
    • Closing Process
  • Mortgage Types
    • Fixed vs ARM
    • 10, 15, 20, 30 – which amortization?
    • 1, 3, 5, 7, 10 – which initial time period (before rate adjustment)?

Assignment:

  • Calculate monthly mortgage payments for your selected Pueblo County property
  • What do you think your selected property is worth?
  • Is the asking price fair?

Justin

Justin Holman is CEO of Aftermarket Analytics, where he leads efforts to develop cutting edge sales forecasting and inventory optimization technology for the Automotive Aftermarket. Prior to joining Aftermarket Analytics, Justin managed corporate consulting for the Strategy & Analytics division at MapInfo Corporation, leading major projects for retail clients including The Home Depot, Darden Restaurants, Bridgestone-Firestone, Sainsbury’s and New York & Company. Before that, Justin served as Vice President of Software Development at LogicTools, now part of IBM's supply chain application software group. Justin holds a B.A. from Claremont McKenna College, a Ph.D. from the University of Oregon and an Executive Management certificate from Northwestern University's Kellogg School of Management.

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