1 of 67
Definition
• Veterans loans and for low- and middle-income buyers
• Require lower down pymts and lower interest rates
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Biweekly Mortgage Step 3: Analyze data
Aspirational Principles VA and FHA Mortgages
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Definition
Projects the future cash flow that will be available for expected
activities and operations
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Credit Bank Statement
Budget Interest
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Term
Topic 2: Code of Ethics & Professional Responsibility + Disciplinary
Rules Procedures
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• integrity
• objectivity
• competence
... • fairness
• confidentiality
• professionalism
• diligence
, • what is possible?
• what other actions can be taken
• should mutually decide how to
other than one currently using
split up responsibilities
• may involve consulting other
professionals
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Definition
• Taxes play an important role
• Higher the marginal tax rate the greater advantage to owning
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Liquid vs. marketability/liquid
Step 4: Develop Plan
substitutes
Lease vs. buy Secured vs. Unsecured debt
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Definition
• Life insurance companies invest in mostly long-term assets like
corp. bonds and mortgages
, • Property-liability companies invest for shorter term and heavily in
common stock
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Purpose of practice standards Step 4: Develop Plan
Insurance companies Mortgage Financing
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Definition
• Mutually define personal and financial goals
• Explore clients values, attitudes, expectations, and time horizons
• Subjective to practitioner
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500-1: Agreeing on Implementation 400-2: Developing the Financial
Responsibilities Planning Recommendations
200-1: Determining a Clients
300-1: Analyzing and Evaluating the
Personal and Financial Goals,
Clients Information
Needs, and Priorities
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Definition
• Veterans loans and for low- and middle-income buyers
• Require lower down pymts and lower interest rates
Give this one a try later!
Biweekly Mortgage Step 3: Analyze data
Aspirational Principles VA and FHA Mortgages
Don't know?
, 2 of 67
Definition
Projects the future cash flow that will be available for expected
activities and operations
Give this one a try later!
Credit Bank Statement
Budget Interest
Don't know?
3 of 67
Term
Topic 2: Code of Ethics & Professional Responsibility + Disciplinary
Rules Procedures
Give this one a try later!
• integrity
• objectivity
• competence
... • fairness
• confidentiality
• professionalism
• diligence
, • what is possible?
• what other actions can be taken
• should mutually decide how to
other than one currently using
split up responsibilities
• may involve consulting other
professionals
Don't know?
4 of 67
Definition
• Taxes play an important role
• Higher the marginal tax rate the greater advantage to owning
Give this one a try later!
Liquid vs. marketability/liquid
Step 4: Develop Plan
substitutes
Lease vs. buy Secured vs. Unsecured debt
Don't know?
5 of 67
Definition
• Life insurance companies invest in mostly long-term assets like
corp. bonds and mortgages
, • Property-liability companies invest for shorter term and heavily in
common stock
Give this one a try later!
Purpose of practice standards Step 4: Develop Plan
Insurance companies Mortgage Financing
Don't know?
6 of 67
Definition
• Mutually define personal and financial goals
• Explore clients values, attitudes, expectations, and time horizons
• Subjective to practitioner
Give this one a try later!
500-1: Agreeing on Implementation 400-2: Developing the Financial
Responsibilities Planning Recommendations
200-1: Determining a Clients
300-1: Analyzing and Evaluating the
Personal and Financial Goals,
Clients Information
Needs, and Priorities
Don't know?
7 of 67
