by Doris Barrell, GRI, DREI
Real Estate Finance Today is an introduction to residential real estate financing. It is published by Dearborn Real Estate Education.
I wanted a book that would be a good introduction to residential real estate financing, and one that would be ideal for self study. As with all books published by Dearborn Real Estate Education, it exceeded my expectations. Doris Barrell did an excellent job of writing this book. It is very well organized, and the information is presented in a clear and concise manner.
The book is divided into 6 chapters and contains an Appendix:
- Chapter 1: Basics of Real Estate Finance
- Chapter 2: Government Influences on Real Estate Finance
- Chapter 3: Current Trends in Mortgage Lending
- Chapter 4: Conventional Mortgage Loans
- Chapter 5: Government Insured or Guaranteed Loans
- Chapter 6: Special Financing Alternatives
Each chapter begins with a set of learning objectives that are clearly defined. You know what you can expect to learn. There is also a glossary of key terms that will be used in the chapter. At the end of each chapter there are review questions to test your knowledge. An answer key is provided at the back of the book. The Appendix contains several worksheets, for example Calculating Monthly Mortgage Payment.
This book gets you up to speed very quickly, and gives you the skills needed to perform all sorts of real estate finance calculations.
I removed all of the pages from the book, punched holes in them, and put them in a ring binder so that I could add more pages. The pages are perforated, so this was easy to do. I inserted a pocket to store my calculator and manual.
I wasn't sure what type of finance calculator to buy. I had heard good things about the Qualifier Plus IIIfx, but I ended up buying the hp 10bII.
I would highly recommend this book for anyone wanting a good starting point in residential real estate finance.