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Understanding Mortgages and Home Equity
Beginner Level

Understanding Mortgages and Home Equity

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  • 1.5-3 Avg Hours
  • CPD Accredited
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Understanding Mortgages and Home Equity

Learn more about the financial concepts behind mortgages and home equity before purchasing a property.
This free online course on understanding mortgages and home equity will discuss the crucial relationship between your borrowing and assets. Your mortgage payments pay off your debt to the bank, while your hom... This free online course on understanding mortgages and home equity will discuss the crucial relationship between your borrowing and assets. Your mortgage payments pay off your debt to the bank, while your home equity is how much of your home you actually own. With this course, you will learn how home equity is calculated by taking the appraised value of your home and subtracting the balance remaining on your mortgage. Get started, today.
COURSE PUBLISHER Khan AcademyDeveloped by experts in their fields

What You Will Learn In This Free Course

  • Describe the meaning of assets, lia...
  • Discuss mortgage loans and interest...
  • Recall how to compute your equity d...
  • Calculate monthly interest rate rep...
  • 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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Learner Reviews & Feedback For Understanding Mortgages and Home Equity

34
Agbor Kima D. Alison Graduate
it was an interesting course and very useful to understanding the idea behind mortgages. the course is of great resource to business professionals on real estate.
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