The course is intended for people who would like a deeper understanding of the American housing finance system. The focus will be on providing necessary background knowledge rather than on evaluating specific policy proposals. Near the end of the course, participants will be encouraged to bring up policy issues and to discuss them in light of the information presented.
Material Type: Full Course
Spreadsheets across the Curriculum module. Students build Excel spreadsheets to calculate monthly mortgage payments and evaluate how much of their payment is applied to the principle and interest.
Material Type: Activity/Lab
This course, offered by the MIT Center for Real Estate, focuses on developing an understanding of the macroeconomic factors that shape and influence markets for real property. We will develop the theory of land markets and locational choice. The material covered includes studies of changing economic activities, demographic trends, transportation and local government behavior as they affect real estate.
Material Type: Full Course
Buying a home is a major financial decision, and for young people in particular the entire process can seem overwhelming. Learn about mortgages and the steps people can take early in life to prepare themselves financially to buy a home, in this February 2022 issue of Page One Economics: Focus on Finance.
Material Type: Lesson, Reading
Explore the mechanics of balloon payment mortgages in this video, including how they work and in what situation a balloon payment loan might be advantageous and when it might work against you.
Material Type: Lesson
Understanding how most corporate debt is different than most personal mortgages. Created by Sal Khan.
Material Type: Lesson
Unify is a comprehensive mortgage CRM software that allows professionals in the mortgage industry to increase efficiency, integrate multiple systems into one easy-to-use platform, and capitalize on sales opportunities like never before. With an in-depth understanding of the unique needs of this industry, we’ve incorporated a host of features to simplify the lives of key players within your business. Increase profitability while eliminating unnecessary data entry with Unify CRM.
Material Type: Activity/Lab
New homebuyers with aspirations to start a family have a tough task ahead: finding a suitable suburb to move to. Some suburbs in Australia are ostensibly more family-friendly than others. Those who plan on becoming parents soon would have many things to look for. Here are some of the factors you should pay attention to when house hunting for a family place: School Access For most homebuyers planning to have kids, the crucial factor for choosing a neighbourhood boil down to educational facilities. It’s best to research both public and private school options in an area. Choosing a suburb would also be a choice for schools. For example, if you are buying in Victoria, you might want to think about public and private schools Melbourne that the neighbourhood is close to. A suburb with a nationally-ranked private educational institution would be an immensely valuable option, both in terms of access to education as well as house value. There are several ways to research educational options in a neighbourhood. You can either start choosing neighbourhoods based on schools, or the other way around. However, read about the options available in newspapers, real estate agencies, and use recommendations. Don’t limit your choices when researching schools. Parks and Recreational Spaces Kids don’t like to stay indoors all day long. When you have kids, you might want to take them out on picnics, camping trips, or just to enjoy the outdoors once in a while away from the TV. Therefore, choose a neighbourhood with parks and similar recreational facilities like camping grounds nearby. Some greenery is great for adults too. Parks in a neighbourhood is also a sign that the area has high liveability ratings. Restaurants, Cafes and Entertainment Options Kids don’t stay kids forever. As your little ones grow older, they would want places to hang out. Adults too would want entertainment options not limited to the playground. To enjoy suburban life to the fullest, look for areas with facilities like restaurants and cafes at which the family can enjoy time together. You might also want to look at shopping facilities, theme parks, and similar entertainment options too. Ease of Access to Urban Areas Most families require easy access to urban areas, especially for working parents. A suburban with freeway access and public transportation options would offer convenient access to nearby cities and surrounding neighbourhoods. Price Range Finally, it all boils down to affordability. A suburb may have great schools, parks, and restaurants, but there will be little point in attending auctions if you can’t afford the average housing price in the area. You must pragmatically calculate the amount of mortgage your current income can afford before deciding on a house. Some homebuyers may prefer to buy on the expensive side, but too expensive won’t work. Go for a pre-mortgage review with the bank to understand how much you can realistically qualify for with a housing loan. Then start touring suburbs with houses within that particular price range. In conclusion, look for a suburban area with great schools and high liveability ratings within your personal price range. It won’t be easy, but with the right amount of dedication and research, you will be able to find the perfect suburb to live at.
Material Type: Lesson Plan
Escrow is a way of holding monies in a third-party account until all of the necessary aspects of a transaction have been carried out. In this video, learn about the role of escrow in real estate transactions, how escrow accounts work, and what an escrow agent is.
Material Type: Lesson
In real estate transactions there are typically several kinds of escrow accounts. Explore some of th different escrow real estate accounts in this video.
Material Type: Lesson
Many people think that using laws to reduce prices will make things easier to buy. Economists know that the opposite will happen: putting price controls on a good makes it harder to obtain. This video looks at examples, from Venezuela to apartments in the U.S.
Material Type: Lecture
This course is designed to offer an advanced introduction to key legal issues that arise in the area of property and land-use in American law, with a comparative focus on the laws of India and South Africa. The focus of the course is not on law itself, but on the policy implications of various rules, doctrines and practices which are covered in great detail. Legal rules regulating property are among the most fundamental to American, and most other, economies and societies. The main focus is on American property and land use law due to its prominence in international development policy and practice as a model, though substantial comparative legal materials are also introduced from selected non-western countries such as India and South Africa.
Material Type: Full Course
CashOnHand - Housing - Shawn - English
Material Type: Lesson
CashOnHand - Housing - Shawn - Spanish
Material Type: Lesson
A tenant has a right to live in a habitable rental property, but what about cosmetic or minor problems that an apartment or rental house has. What repairs are landlords forced to repair, and what kinds of repairs may a landlord ignore?
Material Type: Reading
Students will be able to understand the processes, rights, and responsibilities of renting, leasing, and purchasing a home. Identify key qualification factors for homeownership, including debt-to-income and loan-to-value ratios, and comprehend the roles of professionals in the home-buying process. Class Time Needed: 1 Block Schedule Lesson, 75-90 minutes
Material Type: Lesson Plan
Estimated Lesson Time: 95 Minutes Students will be able to: -Understand how down payment, interest rate, term, loan type, and amortization table work together to impact overall mortgage payments -Recognize the pros and cons of fixed- and adjustable-rate mortgages -Determine whether a home equity loan or line of credit is a viable loan option -Decide whether renting or buying makes the most sense
Material Type: Lesson Plan
In this February 2024 Issue of Page One Economics: Focus on Finance, we’ll explore the most common retirement savings plans and other things to consider as you begin thinking about retirement. We will compare employer-based defined-benefit and defined-contribution plans, as well as options available to individuals. Understanding the basics of retirement savings accounts can help you feel empowered to start making decisions today for your retirement!
Material Type: Lesson, Reading
This18 minute video will teach students what an Individual Retirement Account (IRA) is and specifically, the Roth IRA. This video will provide examples of how investing through a Roth IRA can build capital for later in life. This video will enforce the standard EPF. 18
Material Type: Lecture
This 13 minute video will help students understand what an IRA or Individual Retirement Account is and more specifically, what a Traditional IRA is. This video will enforce standard EPF. 18
Material Type: Lecture
