BUS 107 Personal Real Estate • 1 Cr.

Description

Part of a series of courses that present core components of personal finance applicable to individuals and financial service workers. Covers the single-family house and mortgage market. Students review the home buying and mortgage application process.

Outcomes

After completing this class, students should be able to:

 
  • Evaluate case study between buying and renting including investment and tax benefits 
  • Articulate rights in the home buying process
  • Review home buying programs 
  • Articulate steps in the home buying process and risks in each step
  • Financial evaluation of various mortages (fixed rates, APR, variable rates, interest only, terms, points, etc. )
  • Calculate the effect of brokers' fees, title insurance, inspections and lawyers fees on a home purchase 
  • Evaluate the effect of interest rates on mortgages 
  • Evaluate home equity loans and the risks of refinancing