Financial Information

The dollar figures next to your assets reflect the dollars you paid for these goods. Numbers from any other source—e.g. appraisals—would amount to conjecture. The following transactions begin with this balance sheet as a base.

Your Real Estate Loan

On the following pages we discuss your new real estate loan on your existing home. We will see how your loan affects the quantity of money.

Continue to the next page to see the overview before your loan.

NOTE: I will present this material in the same format I used earlier to describe your loan of wheat to your neighbor. If you work through these tables step by step, you should find them easy to understand.

Your Real Estate Loan

Remember:

Credit = Source

Debit = Use