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10 Pages
Ch18
Course: FIN 3300, Fall 2009School: N.E. Illinois
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Word Count: 323
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Planning Leimberg,Satinsky,Doyle&Jackson FinancingAssetAcquisitions Leverage Financial:useotherpeoplesmoney Realestate $1,000,000apartmentbuilding 20%down;annualcashflow$50,000 Po Tools&TechniquesofFinancialsitive Rateofreturn>costoffunds Generallycandeductinterestexpenseon investmentloans Taxadvantage 72 MarginTrading Stockseligibleformargin...
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Coursehero >> Illinois >> N.E. Illinois >> FIN 3300Course Hero has millions of student submitted documents similar to the one
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below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
Planning
Leimberg,Satinsky,Doyle&Jackson
FinancingAssetAcquisitions
Leverage
Financial:useotherpeoplesmoney
Realestate
$1,000,000apartmentbuilding
20%down;annualcashflow$50,000
Po Tools&TechniquesofFinancialsitive
Rateofreturn>costoffunds Generallycandeductinterestexpenseon investmentloans
Taxadvantage
72
MarginTrading
Stockseligibleformargin
Mostlargecapstocks Cantmargininretirementaccount Generally$2,000tostart
Minimummargin
Initialmargin:50%perRegulationT Maintenancemargin:25%
Butbrokeragefirmcansethigher
Buy1,000sharesINTC@$30
73
MarginTrading
Buy1,000sharesINTC@$30
Margin50%of$30,000=$15,000 Stockvalue$16,000 Marginloan$15,000 Maintenancemargin:25%of$16,000
INTCdropsto$16
Needequityof$4,000;have$1,000 Margincall$3,000
74
MortgageLoans
Fixedrate
Rateonloanvs.ARM Jumboloans:above$417,000 Highcostareas:above$625,500 15vs.30yearamortization Amountofpayment Amountofinterestpaid Interestonlymortgages Payinterestonlyfor10years,forexample Points Averagetimeinhome: Averagetimekeeploan:
75
MortgageLoans
ARMs
Initialfixedrateperiod Caps:oninterestratechanges 3/1:threeyearfixed;adjustannualafterthat 2/5:2%peryear;5%lifeofloan
Canitgobelowinitialrate?NotallARMsadjust downward
Indexandmargin: Index:Tbillsvs.primevs.LIBOR Margin:creditscore
RatesonARMs
76
MortgageLoans
ARMs
Indexandmargin:
Index:Tbillsvs.primevs.LIBOR Margin:ratesonARMs
Creditscore
Negativeamortization
Payment<Interestasratesrise
MortgageinsurancemoreexpensiveforARMs
77
HomeEquityLineofCredit
TurningyourhomeintoanATM??? Interestonloansupto$100,000deductible Onlypayinterestonfundsyouborrow Interestrateoftenbas...
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