Learn more about the financial concepts behind mortgages and home equity before purchasing a property. This free online course on understanding mortgages and home equity will discuss the crucial relationship between your borrowing and assets. Your mortgage payments pay off your debt to the bank, while your home equity is how much of your home you actually own. With this course, you will learn how home equity is calculated by taking the appraised value of your home and subtracting the balance remaining on your mortgage. Get started, today.
| College | Alison |
| Course ID | 195801 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • Describe the meaning of assets, liabilities and equity in relation to purchasing a house • Discuss mortgage loans and interest rates • Recall how to compute your equity depending on your property's value • Calculate monthly interest rate repayments over the life-time of a fixed-rate mortgage • Calculate monthly interest payments using a geometric formula • Assess the pros and cons of home equity loans |
| Course Code | 1586 |
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