Mortgage
Congratulations! You have decided on becoming a home owner. This is a huge achievement but it also comes with a lot of responsibility. Before you make the official decisions of purchasing your first home, be very prepared for the new responsibilities that come with this commitment. Our course on Mortgages will help guide you specific terms, loan options, new expenses as well as interest rates to keep in mind before signing your first mortgage.
- 426 Enrolled
- Created by Tameeka Colon
- Last updated 01/13/2022
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Description
A mortgage is an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property if you fail to repay the money you have borrowed. Homeownership is great if you are fully prepared for what is ahead of you in making this decision. This course will fully prepare you of what to expect and how to manage new mortgage payments.
What you’ll learn
- Mortgage Rates
- Budgeting for New Expenses
- Determining How Much You Want to Spend
- Values of Buying a Home
- Determining Your Down-Payment
- Mortgage Terms to Review
Here is exactly what we cover in this course:
This course will fully prepare you of what to expect and how to manage new mortgage payments. Some topics that will be covered include:
- Common Down-payment rates for mortgages
- Mortgage Lenders
- Interest Rates
- Fixed Mortgage Rates
- Adjustable Rate Mortgage
- Loan Estimate
- Escrow
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