LOANS:  The Mortgage Encyclopedia

Robert Bruss, the Los Angeles Times real estate columnist, says of this book,

This new book cannot be recommended too highly. Readers are very fortunate Guttentag shares his vast mortgage knowledge with us mere mortals. retaining one's license (full review).

Professor Jack Guttentag, the book's author is known as the "Mortgage Professor."  He writes a weekly syndicated newspaper column carried by the The Los Angeles Times.  He is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania, and founder of GHR Systems, Inc., a mortgage technology company.

Don't be put off by this book's title.  This is not a dry technical book.  It is called an "encyclopedia" only because its topics are arranged alphabetically instead of by chapters.  This arrangement allows the book to serve as a useful reference once it has been read.  To view the book's table of contents, click here to see Amazon's description of this book and once there click .

After reading this book, you will be familiar with the wide variety of home mortgages and their relative advantages and disadvantages.  You will be able to better advise your clients on how to qualify, apply, and shop for loans.  Most importantly, you will be able to protect your clients from predatory lending practices and help them to avoid lending scams and other forms of lending chicanery.

This book is approved by the Department of Real Estate for 25 hours of consumer service credit.  Please understand that if you take only this course you will need to obtain additional California real estate continuing education credits to meet your 45-hour requirement.  If you are confused about your continuing education requirement, use our WIZARD to determine exactly what you need or click here to read DRE's general description of the continuing education requirement.

The course's final exam consists of 60 true/false questions.  Passing is 70%.  DRE regulations require you to wait three days before you may take your exam.  Furthermore, the DRE requires you to take the exam in two parts and requires you to wait 24 hours after passing the exam for the first part before you may take the exam for the second part.

You may retake the test for as many times as you need to pass and you need not re-key in your answers from your previous attempt.

The course's textbook (see picture) is not included in the price.  It may be purchased from Amazon for about $15.⁰⁰ and for an additional $2.⁰⁰ you may also purchase an online version that you can begin reading immediately using the .

Register The book is about $15.00 extra (see above paragraph).