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Understanding Mortgages and Home Equity

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Understanding Mortgages and Home Equity
  • Description
  • Outcome
  • Certification
  • Taking out a mortgage for a house or property is the biggest financial commitment most people make in their lives. Because of this it is of vital importance that people understand the financial concepts behind mortgages and home equity.

    In this free online course you will learn about the concepts of assets, liabilities and equity in relation to obtaining a mortgage from a financial institution to purchase a house. You will also learn how to calculate the monthly interest repayments for a mortgage.

    This course will be of great interest to all learners who are considering purchasing a house or property and who would like to learn more about the financial concepts behind mortgages and home equity.

  • Having completed this course the learner will able to:
    - Describe the meaning of assets, liabilities and equity in relation to purchasing a house;
    - Calculate monthly interest rate repayments over the life-time of a fixed-rate mortgage;
    - Calculate monthly interest payments using a geometric formula.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to celebrate and share your success. It is:

    • Ideal to include with CVs, job applications and portfolios
    • A way to show your ability to learn and achieve high results

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