What is a Mortgage?

Learn the basics of a mortgage loan for buying a home, types of mortgage lenders, and types of mortgages.  An introduction to mortgages. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Mortgages Purchasing a Home Home Loans Interest Rates Budgeting and Monthly Expenses PROCEDURE … Continue reading What is a Mortgage?

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Categories Banking, Borrowing Money, Budgeting, Real Estate, Tags , , , , ,
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Buying a Home – Understanding the Process and Costs

In this lesson students gain a basic understanding of the process and costs involved with home buying. Teaching Objectives: Compare benefits and drawbacks of renting vs. buying a home Develop a knowledge of the home-buying process Understand steps involved in applying for a mortgage Understand and compare various types of mortgages Identify actions to take … Continue reading Buying a Home – Understanding the Process and Costs

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Living on you Own – Costs and Budgets

In this lesson students learn about the costs of living on their own. Teaching Objectives: Set up a budget that includes rent, moving expenses, and the expenses associated with setting up a household Understand the rights and the legal responsibilities of a tenant Understand the rights and the legal responsibilities of a landlord Read and … Continue reading Living on you Own – Costs and Budgets

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Buying a House

Students learn about buying a house including reasons, financing, and the costs and benefits. Teaching Objectives: Discuss the reasons that people buy.  Explain the elements of a mortgage (e.g., down payment, escrow account, due date, late feeds and amortization table).  Explore the different types of lenders and housing loans.  Recognize other costs associated with homeownership, … Continue reading Buying a House

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Renting an Apartment – Costs and Benefits

Students learn about renting and apartment including the costs and benefits. Teaching Objectives: Discuss the reasons that people rent. Explain the elements of a standard lease agreement. Recognize other costs involved in leasing an apartment or house, such as deposits, late fees, and utilities. Evaluate the cost and benefits of renting. Standard 10: The student … Continue reading Renting an Apartment – Costs and Benefits

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Housing Alternatives

Students learn about different types of housing. Teaching Objectives: Identify various housing alternatives. Determine local housing options, both renting and buying. Standard 10: The student will explain and compare the responsibilities of renting versus buying a home. Suggested Grade Level 7th – 12th Grade Lesson Excerpt: One of the most significant financial decisions people make … Continue reading Housing Alternatives

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