Financial Literacy Workshop #2: Auto Financing & Homeownership

Workshop #2: Automobile - Major Expenses & Auto Financing and Homeownership - Budgeting & Qualifying For A Home Loan

Description:

Two large budget components are automobiles and housing. Knowing all the implications and planning carefully for a vehicle purchase has potential to save you huge amounts of money and time. We clarify the vehicle buying process, especially the various loan and lease options, helping you understand what lenders look at to qualify you for a car loan, as well as all the expenses involved with vehicle ownership.

In home ownership, several options for mortgages are available, with different qualification requirements and terms. This portion details those options and describes the factors lenders consider when qualifying borrowers for a home loan. The step-by-step process of negotiating and entering into a mortgage agreement is covered. Also, we detail the many costs beyond the down payment and mortgage payment that are associated with the purchase, ownership, and sale of a home.

Host or Publisher Extended Education