Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key differences between conventional loans and government-backed FHA, VA, and USDA loans. - The specific eligibility requirements and benefits of the California-specific CalHFA loan program. - How adjustable-rate mortgages (ARMs) work, including the roles of the index, margin, and rate caps. - The characteristics of specialized loans such as reverse mortgages, interest-only loans, and seller financing, including California's disclosure requirements. - The function of the secondary mortgage market and the roles of institutional lenders, private lenders, Fannie Mae, and Freddie Mac.