Essentials of Real Estate Finance

This dynamic textbook combines solid concepts of real estate finance, but it also gives you a solid foundation for a career in real estate. Essentials of Real Estate Finance can help you professionally advise clients and help prospective buyers understand what options are available. In this text, you will learn about monetary systems, primary and secondary money markets, and sources of mortgage loans. You will also learn about federal government programs, loan applications, processes and procedures, closing costs, alternative financial instruments, the Equal Credit Opportunity Act, the Community Reinvestment Act, and the state housing agency. Features: Given the complexities and options involved in finance, this book breaks down the process into an easily readable text. Answer keys with rationales provide a full understanding of fundamental concepts. Unit summaries and review questions reinforce key concepts and terms. Key real estate finance terms are highlighted and clearly defined t