Performance Programs Company's Principles of Real Estate Finance provides a clear, practical introduction to the financial side of real estate: how mortgage money moves through the market, how loans are created and secured, how borrowers and properties qualify, and what happens when a loan is not repaid. Designed for students in real estate licensing and real estate finance courses, this textbook follows the financing process from the source of mortgage funds through loan repayment, default, and foreclosure. Rather than treating finance as a collection of disconnected rules and calculations, the book shows how the pieces fit together throughout an actual real estate transaction. Topics include:Sources and flow of mortgage funds Financial institutions and the mortgage market Interest rates and the factors that affect the cost of borrowing Promissory notes and security instruments Conventional mortgage financing Government-backed and government-insured loan programs Seller financing, home equity products, reverse mortgages, and other non-traditional loans Buyer qualification and underwriting Property qualification and appraisal considerations Real estate finance calculations Loan processing and closing Default, foreclosure, and alternatives to foreclosure Federal laws affecting real estate finance Ethical issues and professional responsibilities The text is streamlined, direct, and practical, making complex financing concepts easier to understand without sacrificing the knowledge students need for professional real estate practice. Concepts are reinforced through worked examples and step-by-step calculations, with a student-oriented organization designed to build understanding from chapter to chapter. Each chapter closes with a Snapshot Review that condenses the material to its essentials and a quiz whose answer key explains the reasoning behind every answer, not just the correct letter. A complete glossary and index round out the text. Whether you are preparing for a career in real estate, completing a required licensing course, studying real estate finance, or seeking a stronger understanding of mortgage lending, Principles of Real Estate Finance provides the foundation needed to understand one of the most important and often least understood parts of a real estate transaction. Written by experienced professionals in real estate education and mortgage lending, the book emphasizes the practical knowledge students and real estate professionals can apply in the classroom and in the field.