Table of Contents

Course Learning Objectives. i

Chapter 1 - The Loan Broker - Section 1. 1

Learning Objectives. 1

The Loan Broker Business. 1

Facts of the Market Place. 6

The Home Loan Basics. 7

Chapter 1 - Section 1 Review Questions. 16

Chapter 2 - Commercial Finance - Section 2. 17

Learning Objectives. 17

Commercial Finance Services. 19

Accounts Receivable Financing. 21

Inventory Financing. 22

Equipment Financing. 23

Chapter 2 - Section 2 Review Questions. 24

Chapter 2 - Commercial Finance - Section 3. 25

Equipment Leasing. 25

Types of Leases. 30

The Advantages and Disadvantages of Leasing. 30

Sale-Leaseback Financing. 31

Business Financing. 32

Small Business Administration (SBA) Loans. 33

Venture Capital Financing. 41

Working a Loan Online. 42

Chapter 2 - Section 3 Review Questions. 45

Chapter 3 - Real Estate Loans - Section 4. 46

Learning Objectives. 46

Basic Review of Real Estate. 46

Estates. 47

Deeds. 49

Real Estate Loan Origination. 50

Residential Loan Types. 53

Chapter 3 - Section 4 Review Questions. 59

Chapter 4 - Introduction to Commercial Real Estate Financing - Section 5. 61

Learning Objectives. 61

Analyzing the Income Property Loan. 63

The Income-Property Lending Process. 64

Permanent Mortgage Investors. 65

Chapter 4 - Section 5 Review Questions. 66

Chapter 4 - Introduction to Commercial Real Estate Financing - Section 6. 67

Apartments. 67

Sample Apartment Analysis. 74

Chapter 4 - Section 6 Review Questions. 79

Chapter 4 - Introduction to Commercial Real Estate Financing - Section 7. 80

Shopping Centers. 80

Office-Warehouse. 82

General Offices (Multi-Tenancy). 83

Medical Office Buildings. 84

Mobile Home Parks. 85

Hotels and Motels. 86

Nursing Homes. 88

Introduction to Construction Loans. 89

Interim Loan Underwriting. 95

Chapter 4 - Section 7 Review Questions. 101

Chapter 5 - Real Estate Financing and Fundamentals of Investing - Section 8. 102

Learning Objectives. 102

The Loan Process. 102

Lending Laws. 104

Chapter 5 - Section 8 Review Questions. 109

Chapter 5 - Real Estate Financing and Fundamentals of Investing - Section 9. 110

Sources of Funds. 110

Classification of Mortgages. 116

Chapter 5 - Section 9 Review Questions. 127

Chapter 5 - Real Estate Financing and Fundamentals of Investing - Section 10. 128

Comparing Mortgage Options. 128

Mortgage Options. 138

Fundamentals of Investing. 142

Chapter 5 - Section 10 Review Questions. 149

Chapter 5 - Real Estate Financing and Fundamentals of Investing - Section 11. 151

Understanding Return and Risk. 151

Housing: The Cost of Shelter. 153

Investing in Real Estate. 159

Chapter 5 - Section 11 Review Questions. 167

Review Question Answers. 169

Appendix: Useful Websites - Section 12. 197

Glossary. 198

Index. 212

CPE Exam Answer Sheet 213

Final Examination. 215

CPASelfstudy.com Course Evaluation. 225