Course Overview
In this course students review and analyze the law as it applies to real estate lending in British Columbia, then current market loan evaluation criteria and approval considerations including timing and costs. Through case studies and practical examples, students learn the methods of calculating the elements of a real estate loan, including amortization, payments, outstanding balances, effective interest rates, pre-payment penalties, and total cost of lending for a real estate loan. Starting initially with the residential marketplace examples, students work individually and in teams to hone their skills before expanding to the more sophisticated and complex commercial lending market.
Credits
3.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Research and explain the current lending criteria for each of a residential mortgage and a commercial mortgage, including mezzanine financing.
- Calculate and explain the impact on a real estate loan caused by a change in any one of the core terms of the loan, from both the lender’s and the borrower's perspectives.
- Research and explain the current application process and approval timeline for both residential mortgage loan and a commercial loan, including mezzanine financing.
- Recommend the ideal loan terms and conditions for each of a given residential and commercial real estate loan requirement.
Effective as of Spring/Summer 2020
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.