Plan your mortgage in advance
What you will learn
Plan your mortgage payments in advance (fixed monthly payment or fixed principal payment)
Looking at future interest rate changes
Learn how to save money and be better prepared to deal with any financial setbacks
Choosing the property that you can afford
Learn how to make important housing and property finance decisions
Description
You may have been thinking about buying a home for quite some time now and thinking about going to get a mortgage for your home or property, but something is pulling you away from doing so. Whether it’s been the unaffordability of your housing market or the uncertainty of your employment situation.
In this situation you need to be well informed of what is going to happen from the day you get a mortgage until the day you pay back all your debts. You need to be aware that it’s not always going to go as you think it might go, you need to have more than one scenario with real numbers telling you how your mortgage is going to go for the total loan period.
This course will help you estimate what home you can afford so you can know how much money you need to set aside. The course will also help you estimate your mortgage payments from today until the ending of your loan period. We will apply different scenarios for different interest rate to see how this affects our mortgage and to see how much of interest we will be paying after 20, 25 or even 30 years. The course will look at fixed monthly payment and fixed principle payments with fixed rate or variable rate mortgages.
Content
