Chapter 5. Amortization schedule for a mortgage

Now you can move on to the Section III, which includes the financial steps, such as amortization, that you can take after acquiring your home and your mortgage. These steps are less complicated than the previous two sections. However, they are just as important to stay in control of the repayment of your mortgage. 

Reviewing our module on Time Value of Money may help you understand better about amortization. 

 

How to

Section III: After acquiring a home and mortgage

Mortgage_section3.png

Practice

Now that you know how to search for a house in a practical manner, think of paying it forward and discuss your experience and thoughts with a friend or a family member.

 

Congratulations! Now Test your knowledge about Mortgage!

Would you like to review again? You can start over at Introduction.

To review the full module on Mortgage, click here.

 

The Penn State Sokolov-Miller Family Financial and Life Skills Center hopes you have enjoyed this module in the MoneyCounts: A Penn State Financial Literacy Series. Please tell us how we can serve you better, leave us a feedback, ask a question, or request additional information at: finlit@psu.edu