assignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word fileassignment, you will explore what it takes to purchase a home, looking particularly at the mortgage process.
Step 1: Finding Your Dream Home
First, find your dream home. You are welcome to use any site that does not require registration. Realtor.com is a good place to begin.
Next, shop for a mortgage. Please use this website: Bank Rate Mortgage
Use Excel to create a mortgage payoff table using the information you find. The mortgage payoff table should be flexible, meaning that you can easily change the following parameters:
Home Purchase Price
Down Payment
Interest Rate
Loan Term (15 vs. 30 Years)
Loan Start Date
Step 2: Making Financial Decisions
In a separate Word Document, answer the following questions:
What is your dream home? Place a link to the page with your home listing.
What type of mortgage did you choose?
Why did you choose that length of mortgage, fixed or variable rate?
How much did you choose to finance compared to paying upfront on a down payment?
Step 3: Impact of Credit Scores
On the Bank Rate website, change your credit score from whatever you set it at initially to the 620-639 range.
Copy your original Excel spreadsheet into a new tab and change the interest rate to the one with a low credit score.
How much more in interest would you pay over the life of the loan?
Do you think the higher interest rate is justified? Why or why not?
Submission
Submit your Excel file
Submit your Word file
