The Real Estate Finance surveys the concepts, methods, and techniques of financing real estate transactions. Instruction covers sources, characteristics, and parameters of mortgage capital; fixed- and variable-rate mortgages; government-assisted financing, including VA and FHA; documentation; amortization, loan constants, present value, compound interest, APR, and debt coverage ratios; loan underwriting, including credit analysis and qualifying; loan processing, closing, and servicing; foreclosures; and construction, permanent, gap, wraparound, and leasehold financing. Case studies for financing proposals for single-family and multifamily transactions are featured. This course applies toward the mandatory educational requirements for obtaining the California State Real Estate Salesperson and Broker License.
This online course may include webinars using an online conferencing tool called Zoom. All webinars will be recorded and posted on the course website for those who cannot participate in the life sessions.
REQUIRED TEXTBOOK: Financing Residential Real Estate 20th Ed.