Confused about Fannie Mae, Freddie Mac, Ginnie Mae, FHA, PMI, or ARMs? You’re not alone! Most college students fail the actual property examination mortgage part as a result of they don’t have a easy system for remembering all the completely different mortgage sorts.
In this video, licensed actual property teacher Maggie Relloso (@SimplyCallMaggie) breaks down all the pieces it’s essential to learn about typical loans, authorities loans (FHA, VA, USDA), ARMs, and the main vs. secondary mortgage markets; with simple examples you’ll always remember.
By the finish, you’ll perceive:
• The distinction between main vs. secondary markets
• What Fannie Mae, Freddie Mac, and Ginnie Mae truly do
• How to recollect PMI vs. MIP
• Key info about FHA, VA, and USDA loans
• How Adjustable-Rate Mortgages (ARMs) actually work
• And the actual examination shortcuts to lock this in for check day
💡 Whether you’re simply beginning to examine or about to take your examination, this lesson will provide you with the mortgage mastery it’s essential to cross with confidence.
👉 For full classes, 650+ follow questions, flashcards, examine plans, and stay Q&As with me, go to Turn your stress into success!
⏱ Video Timeline
00:00 – Intro: Why loans confuse most examination takers
01:04 – How mortgage lending works (Primary vs. Secondary markets)
03:14 – Fannie Mae, Freddie Mac, and Ginnie Mae defined
06:46 – Exam follow questions (Secondary Market & Agencies)
07:37 – Introduction to Prep On Call
08:46 – Conventional loans defined + PMI vs. MIP
10:48 – Exam follow questions on typical loans
13:15 – FHA loans: insurance coverage, down funds, MIP
14:51 – VA loans: ensures, army eligibility, no PMI
15:39 – USDA loans: rural focus, revenue & location limits
16:11 – Recap: FHA, VA, USDA in 60 seconds
16:55 – Adjustable-Rate Mortgages (ARMs): Index, Margin, Caps
18:50 – ARMs professionals and cons for examination questions
19:28 – Lightning-fast recap of all mortgage sorts
20:34 – Call to motion + What to observe subsequent
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