Instructor: Pete Arbour
October 2 – 5, 2017; Monday-Thursday; 8:00am to 5:00pm
In this course, the relationship of mortgage terms and conditions upon the equity position and consequently, investment decisions is explored. Students will develop mortgage constants, amortization schedules, balloon payments and the percentage of loan paid-off at any time. Returns to the equity position are discussed with the concept of leverage. Students will also be introduced to income property models, discuss the relationship of overall property rates to property yield rates and study yield capitalization and equity yield rates. Students must be familiar with the operation of a financial calculator. A Hewlett-Packard-12C, 17B or equivalent calculator is required. No class time will be devoted to instruction in the operation of the calculator. However, a power point is provided that should be reviewed prior to the course.
This class is available only to students pursuing MMAO certification
Approved for 20 hours of STC Assessor Continued Education Credit
Limit 35 students