Week 3

There are many types of real estate financing programs. For instance, there are:

1. Traditional 30 year loans;

2. Interest only loans;

3. Variable interest rate loans;

4. 15 year loans; and

5. "No Doc" loans.

Please read about these 5 different real estate financing programs, pick one, and discuss with the class how your choice differs from traditional 30 year loans. Be sure to explain the rationale behind the difference, and explain the pros and cons chosen program.

APA format