Homeownership module
The goals of this module are to:
- Compare and contrast renting vs. buying
- Provide an overview of the homeownership process
- Provide an overview of mortgages and home equity loans
- Brief introduction on how interest rates are determined
Here are a few program highlights:
- Initial steps to take when considering homeownership
- Costs of mortgages and homeownership, including the impact of credit scores
- Choices consumers have when obtaining a mortgage
- Demonstrate how the interest rate and term impact monthly payments
- Worksheets and other materials, such as myfico.com handout
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