An up-to-date handbook on real estate financing, covering all currently available types of real estate loans. Describes the pros and cons of each type of loan, and addresses the changes wrought by the tax reform act of 1986. This easy-to-read guide covers all the fundamentals of how to finance residential real estate profitably, offering insights from the perspective of both the buyer and the seller. Includes illustrative examples of the varying effects of different mortgages.