5. The components of Mortgage rates 6. Interest only and amortized loans. 7. The risks associated with the Interest rate set by financial institutions. 8. What motivate investors to invest in income properties? 9. Types of Appraisals and what each is used for. 10. Know what discount rate is. 11. Be able to compute adjustment based on the sales comparable approach to determine the value of subject. 12. Calculating senior, junior mortgage liens in a foreclosure suit. 13. Calculate Value of a property using the Sales Comparison Approach. 14. Sales comparison approach is based on? 15. What attributes can affect House Prices in different submarkets? 16. Cost generally paid by the borrower and what paid by the seller. 17. Know what the RESPA, TILA \& APR statements are. 18. Historical trends of residential housing. 19. What influences price appreciation on the demand for housing? 20. What is the law of Comparative Advantage? 21. What is Capitalization effect and how does it affect neighborhoods