BUS 107 - Personal Real Estate

1 CR

Part of a series of courses that present core components of personal finance applicable to individuals and financial service workers. Covers the single-family house and mortgage market. Students review the home buying and mortgage application process.

Course Outcomes

Evaluate case study between buying and renting including investment and tax benefits (1,2,3)
Articulate rights in the home buying process (7)
Review home buying programs (7)
Articulate steps in the home buying process and risks in each step (7)
Financial evaluation of various mortages (fixed rates, APR, variable rates, interest only, terms, points, etc. ) (5,6)
Calculate the effect of brokers’ fees, title insurance, inspections and lawyers fees on a home purchase (2, 3, 7)
Evaluate the effect of interest rates on mortgages (4,5)
Evaluate home equity loans and the risks of refinancing (5,6)

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