Part I. A Background for Real Estate Financing: Introduction to Real Estate Financing. What Is a Mortgage?. Interest Rates, Discount Rates, And Present Values. Debt Service, Rates of Return, And Leverage. Part II. The Availability and Sources of Mortgage Funds: Fluctuations in Interest Rates and Mortgage Availability. The Principle Mortgage Lenders. The Secondary Market and Mortgage Securities. Part III. Financing One-To-Four-Family Homes: Household Decisions to Rent or Buy. Increasing Affordability and Tax Benefits. Alternative Mortgage Instruments. The Borrower's Mortgage Loan Decision. The Lender's Mortgage Loan Process. Part IV. Analysis of the Financing of Income Properties: Decisions to Invest and Lend on Income Properties. The Lender's Evaluation. Taxes and the Investment Decision. The Investor's Evaluation. Loans for Land Development and Construction. Selected Financing Alternatives. Decision Making for Alternative Mortgages and Portfolio Policies.
