Understanding Mortgages

Overview:

In this lesson, students will begin to understand the process of how to go about owning a house. They will study the application process for a mortgage; who to talk to in order to buy a house; what criteria are used to get mortgage approval; and the popular types of mortgages available in the market. They will be given different types of mortgages and asked to make a choice based on their preferred mode of payment, using the consumer decision-making process.

NBEA Standard(s):
  • Personal Finance, V. Buying Goods and Services
  • Personal Finance, VII. Using Credit

Lesson Plan Details:

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