This volume presents the basics of real estate finance in the state of California. It focuses on real estate financing for the home buyer, providing them with the tools they need to succeed. The authors have included information on topics such as -- basic economic terms and concepts related to the mortgage money market; general sources of funds; sources of funds in California; mathematics of real estate finance; legal aspects of real estate finance; loan applications, processing and closing; appraisal for financing purposes; FHA, VA and Cal-Vet programs; construction and existing residence financing; income tax aspects with lease and leasehold financing; special purpose properties and junior financing; and supplements and alternatives to mortgage financing.