Buying a home and understanding mortgages

This course prepares potential homebuyers and current homeowners alike for the financial impact of such a major purchase, with a focus on securing financing and mortgage management.

Course overview

LENGTH

40 mins.

INCLUDED

  • Personalized course setup
  • 13 mins. of on-demand video
  • 2 interactive exercises
  • Quizzes with immediate feedback
  • Personalized action plan and certificate

More about this course

Embarking on the journey of homeownership is a significant financial milestone. Whether you are thinking of buying a home soon or aren't sure whether homeownership is in your future, current and prospective homebuyers can benefit from understanding the homebuying process and financial commitment it entails. The course begins with an initial homebuying readiness assessment, including calculating how much home you can afford. Then, we look at how financing and protections come into play, including getting pre-approved, exploring mortgage options, and understanding how insurance can protect your investment. With your financial foundation in order, the course dives into the exciting phase of shopping for a new home. We'll discuss how to navigate this part of the homebuying process, from finding a reputable real estate agent and viewing homes to finalizing the purchase. Finally, the course wraps up with post-purchase financial considerations to ensure your long-term success as a homeowner.

What you'll learn

What to consider when buying a home
How to choose a lender
Basic terms and disclosures in a mortgage transaction
Mortgage interest calculation
Additional insurance options
What happens after an offer has been accepted
How to avoid foreclosure
How much home you can afford
The pre-approval process
Different types of mortgages
Homeowners insurance and scope of coverage
Considerations when shopping for a home
Additional financial considerations post-home purchase