California Real Estate Finance, 8th Edition

Product Details

This new edition continues to be one of the most current California finance texts with a highly practical approach. Completely updated and streamlined, the authors have included more graphics to improve understanding and added coverage of negative amortized loans, sub-prime loans, predatory lending, as well as the controversial Yield Spread Premiums. Each chapter is self-contained allowing users to address topics of immediate interest and application. Many individuals found the complete glossary and section on the use and application of the financial calculator to solve real estate math problems to be most beneficial. 496pp.

Features:

• Focuses on real estate financing for the home buyer, including buyers in all income categories. Discusses various types of lenders and the different types of financing available.
• Presents the process of a mortgage as well as the basic terms associated with it.
• Discusses common mortgage problems and offers potential solutions for those problems.
• Discusses various types of lenders and the different types of financing available.
• Contains multiple-choice questions in each chapter with answers provided in the appendix for mastery learning.

New To This Edition:

• More Graphics - Each chapter has been streamlined to make room for more graphics to improve comprehension and explain hard money loans and AMIs as well as other loan variations.
• Expanded Coverage -- New buyer qualification requirements have been added along with a new section on the California Housing Finance Agency (CalHFA).
• New Forms - The new Uniform Residential Appraisal Report and the new Uniform Residential Loan Application forms have been added.
• Updated Resources - All references to helpful websites and other real estate resources have been completely updated.
• Instructor Support -- PowerPoint slides and other instructor support materials are available online for confirmed adoptions.

Table of Contents:

• 1. Introduction to Real Estate Finance.
• 2. Institutional Lenders.
• 3. Non-Institutional Lenders and the California Real Property Loan Law.
• 4. Adjustable Rate and Other Alternative Mortgage Instruments.
• 5. Conventional Loans.
• 6. Government-Backed Financing.
• 7. Points, Discounts, and the Secondary Mortgage Market.
• 8. Qualifying the Property.
• 9. Qualifying the Buyer.
• 10. Processing, Closing, and Servicing Real Estate Loans.
• 11. Foreclosures and Other Lending Problems.
• 12. Construction Financing.
• 13. Mathematics of Real Estate Finance.
• 14. Creative Financing Approaches.
• 15. Financing Small Investment Properties.
• Summary.
• Important Terms and Concepts. Reviewing Your Understanding.
• Glossary.
• Answers to Multiple Choice Questions.
• Index.