Consumer Credit Products
Course Number: ABA
Course Code: ABA
Provides definitions of consumer credit terms to assist in discussions with clients and explains the growth and demand of non-real estate related products. Explores real estate-related terms for home equity loans, home equity lines of credit, loan to value ratios, and how to calculate the maximum loan amounts.
Re-versioned: August 2016
Updated: May 2017
What You’ll Learn
After successfully completing this course, you will be able to:
-Define basic consumer credit terminology to clients
-Identify features of consumer credit products
-Explain the two loan categories – non-real estate-related and real estate-related – along with the products associated with the categories
-Determine the maximum loan amount available based on collateral value, for real estate-related products
Audience: Branch personnel who are responsible for discussing or selling consumer credit products.