Learning Objectives
– Explain the importance of financing in the purchase of real estate
– Discuss the market in which financial arrangements (including mortgages) are traded and who the participants are in these markets
Identify the specific characteristics of mortgage loans as investments and discuss the way these characteristics influence the supply of mortgage funds
– Differentiate between some of the different types of mortgages and repayment plans currently available
– Differentiate between nominal and periodic rates of interest
Solve financial problems on the calculator
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