Understanding real estate financing is critical to this course. In fact, most people have no idea how much they can qualify for. Write a 800 wood essay on what you qualify for. Find a home in your market via Redfin or Zillow that matching the potential (feel free to use made up numbers) purchase amount and include a link to this home.
Feel free to use made up numbers if you are uncomfortable, please be realistic and have this tie back to your career ambitions.
Assume you have good credit.
Use the following link to project what type of home you can afford. It all starts with income. If you are a student, use this as an exercise on what your future career will be and how much you will make annually in your field.
https://www.nerdwallet.com/blog/mortgages/income-required-mortgage-calculator/ (Links to an external site.)
How does this home fit your life style (kids, commute to work, bed / bath count, distance to things you enjoy, garage space, yard spaceect.)
Include the numbers you used to qualify for your (pretend) future home.
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