Understanding Mortgages and Home Equity

Name: Understanding Mortgages and Home Equity
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Learn more about the financial concepts behind mortgages and home equity before purchasing a property.

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Learning Outcomes

In this free course, you will learn how to:

Describe the meaning of assets, liabilities and equity in relation to purchasing a house
Discuss mortgage loans and interest rates
Recall how to compute your equity depending on your property's value
Calculate monthly interest rate repayments over the life-time of a fixed-rate mortgage
Calculate monthly interest payments using a geometric formula
Assess the pros and cons of home equity loans

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