Learning Objectives
After completing this module, participants will be able to:
- Tell the positive and negative sides of renting versus owning a home
- Identify questions to ask to determine your readiness to buy a home
- Identify the steps required to buy a home
- Identify basic terms and required disclosures used in a mortgage transaction
- Differentiate the advantages and disadvantages of different mortgage options
- Know how interest rates affect the amount of house you can buy
- Explain how taxes and insurance affect a monthly payment and the amount of house you can buy
- Know the advantages and disadvantages of borrowing against a home
- Take necessary actions when having trouble making payments
