1. Look through realty websites and find two homes that interest you*.
Put your answers to the following on the attached home buying worksheet*.
2. Using a 30 year loan term find the mortgage payment of each home using both good credit (6.5%) and poor credit interest rates(8.5%)
3. Figure out how much interest you will pay.
4. Figure the total amount you will pay for each home (principle and interest).
5. Look at several financial institutions (banks) and see which one would be the best one to use for a mortgage loan*.
6. After you have finished the home buying worksheet decide which house you and your finance are going to purchase.
7. Create a PowerPoint presentation with the following information:
a. Description of home include photo if possible
b. Price of home
c. Interest and total price of home
d. Financial institute you chose to use
e. Tips for buying a home that you found useful
8. PowerPoint should have at least five slides. Make it fun and interesting, you will be presenting your presentation to the class.
Using the following website to submit the home buying worksheet and the PowerPoint:
http://submittucker.weebly.com/
*Look under 'Resources' for helpful links.