Notes

Within this website, students will need to read the following articles:

LEARN THE BASICS:

1. The Basics

2. How much home can you afford?

3. The Monthly Payment

4. The Down Payment

5. The Loan    Assuming a Loan    Owner Financing

6. Qualifying for a loan

7. Understand Closing Costs 

DO THE GROUNDWORK

8. Get your finances in order

9. Check Your Credit Report

9a. Repair Bad Credit

9b. Establish Credit if you don’t have any 

THE PROCESS

10. Find a Lender

11. Evaluate the bank’s offer

12. Decide whether to use an agent

13. Learn about the suburb penalty

14. Start looking at houses

15. Get the Disclosure

16. Make an Offer

17. Have the House Inspected

18. Problems on the Inspection?

19. Renegotiate the terms

20. Appraisal & Insurance

21. Closing!  

MORE ABOUT MORTGAGES 

22. How much loan can you get?

23. 15- vs. 30-year loans

24. Prepaying your mortgage

25. How to Figure Interest on Mortgage Loans 

26. Private Mortgage Insurance

27. Paying Points 

OTHER TOPICS

28.  Renting vs. Buying: Which is better?

29.  Glossary of Real Estate Terms *Used for the Quizlet activity 

30.  The Debt Ratio 

These articles constitute the assigned reading for this unit & magazine group project.