Lesson 10: The Housing Decision 1: Basics and Choosing A Mortgage (2017)

Lesson 10: The Housing Decision 1: Basics and Choosing A Mortgage (2017). Mortgage Basics: How much house can you afford?

Lesson 10: The Housing Decision 1: Basics and Choosing A Mortgage (2017) video duration 1 Hour(s) 11 Minute(s) 22 Second(s), published by BYUPersonalFinance on 09 03 2017 - 16:40:35.

This lesson is based off Chapter 15 of the text for Finance 418
Professor Bryan Sudweeks of Brigham Young University teaches this lesson
All lesson materials Join John Alexander and David Villarreal from Affinity Partnerships to get straight talk on home loans and mortgages
In this installment of 'Mortgage 101', we get .

I talk about the basics of mortgage and things to consider when buying a home or refinancing http://www.LivingInTheGTA.com Obtaining a mortgage is the first step in buying any property
Knowing what your budget is, what your monthly payment will be, http://usbank.com/mortgage Understanding the three main types of costs could help you better understand how much house you may be able to afford.

This lesson is based off Chapter 15 of the text for Finance 418. Professor Bryan Sudweeks of Brigham Young University teaches this lesson.

All lesson materials are available online at: http://personalfinance.byu.edu/content/15-home-decision

Lesson Objectives:
1. Understand how a house fits into your personal financial plan
2. Understand the advantages and disadvantages of renting, buying, building, and renovating
3. Know the process on buying a home
4. Know how to compare different types of loans with different fees using the effective interest rate
5. Understand my recommendations in obtaining a home