Lesson 3: Mortgage 101

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August 28, 2016 at 2:00 am  •  Posted in f16-econ491 by  •  0 Comments

Mon, Aug 29

Review:

  • How to Buy Real Estate

Presentation:

  • Selected Homes for Sales in Pueblo
  • Mortgage 101 – video series at realtor.com
  • Mortgage Types
    • Fixed vs ARM
    • 10, 15, 20, 30 – which amortization?
    • 1, 3, 5, 7, 10 – which initial time period?

Activity:

Assignment:

  • What do you think your selected property is worth?
  • Is the asking price fair?

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