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Use what you have learned in this module to choose a mortgage for yourself. You may choose a house for sale online as a hypothetical purchase. Using the selling price of the home, the property taxes, and an understanding of your (real or hypothetical) finances, make an informed decision based on what you have learned to choose a type of financing. Give your reasons for choosing the mortgage type. Figure out your down payment, interest rate, points or bank fees, tax and insurance reserves, and mortgage insurance. Does the property require flood insurance? Write your answers in a short paper and use a chart or table to show your figures.
For additional details, refer to the Short Paper/Case Study Rubric document in the Assignment Guidelines and Rubrics section of the course.
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