Liquid Assets Introduction
(module 1 of 11)

In this series, you will learn which assets a borrower can use in a mortgage transaction.


Liquid Assets and Why They Are Important
(module 2 of 11)

Familiarize yourself with the four types of liquid assets. Plus, understand three of the largest expenditures a borrower makes when purchasing a home.

Earnest Money Deposit
(module 3 of 11)

Learn what an earnest money deposit is and how it must be documented in a mortgage file.

Checking and Savings as Assets
(module 4 of 11)

Understand checking and savings documentation and the red flags you should look out for regarding these assets.

CD as Liquid Asset
(module 5 of 11)

Learn how a Certificate of Deposit (CD) differs from other forms of assets, and the verification process for this type of asset.
 

Ownership
(module 6 of 11)

Explore the details of liquid assets ownership and how to combat issues that may arise.

Gift Funds for Family
(module 7 of 11)

Learn the specific guidelines that govern the acceptance of gift funds from family as a source of liquid assets.

Stocks, Mutual Funds, and Bonds
(module 8 of 11)

Review the use of stocks, bonds, and other securities as assets.


Business Accounts
(module 9 of 11)

Understand when borrowers may use business accounts for down payments, closing costs, and reserves.

Unacceptable Sources of Funds
(module 10 of 11)

Learn which sources of funds are not allowed in a mortgage transaction.

Check Your Answers
(module 11 of 11)

Now that you've completed this course, verify your answers!