Financial Literacy - Mortgages

The portion of the purchase price that is not borrowed

Warm up: What is Ms. G's favorite color?

Which of these is NOT included in your mortgage payments?

Covers damage and loss of a structure and its contents, plus liability in case of injury

Warm up: Where did Ms. G go to high school?

Protects the lender in case mortgage payments cannot be made

Which of these will a lender NOT consider when giving you a mortgage?

Fees and charges associated with the purchase of a property

A loan for the purchase of real estate