Ch 7: Ch. 7: Financing Housing

About This Chapter

The Financing Housing chapter of this Focus on Personal Finance: Online Textbook Companion Course aligns with the same chapter in the Focus on Personal Finance textbook. These simple and fun video lessons are about five minutes long and help you learn the essential lessons about buying a home, reverse mortgage, real estate tax assessments and selling a house.

How It Works:

  • Find the lesson within this chapter that corresponds to what you're studying in the Financing Housing chapter of your textbook.
  •  Watch fun videos that cover the home financing topics you need to learn or review.
  •  Complete the quiz after watching each video lesson to test your understanding.
  •  If you need additional help, rewatch the videos until you've mastered the material, or submit a question for one of our instructors.

Chapter Topics

You'll learn all of the home financing topics covered in the textbook chapter, including:

  • Home-buying process
  • Mortgage rates and reverse mortgages
  • Deeds of trust
  • Closing costs and title insurance
  • Tax assessments for real estate
  • Home selling strategies
  • Different types of housing

Focus on Personal Finance is a registered trademark of McGraw-Hill and is not affiliated with Study.com.

11 Lessons in Chapter 7: Ch. 7: Financing Housing
Test your knowledge with a 30-question chapter practice test
Renting vs. Buying a House: Pros, Cons & Costs

1. Renting vs. Buying a House: Pros, Cons & Costs

For many people, buying a house makes more sense than renting a house. But others choose to rent a house instead after weighing both the pros and cons of each.

Types of Housing: Overview & Examples

2. Types of Housing: Overview & Examples

Everybody lives somewhere. Some live in a house while others live in an apartment. But did you know that you can actually live in a house by purchasing stocks from housing cooperatives? Learn about this and other types of housing in this lesson.

Buying a Home: Steps & Process

3. Buying a Home: Steps & Process

Part of the traditional 'American Dream' is home ownership. In this lesson, we'll discuss the primary steps and decisions a buyer must make when finding and purchasing a home.

Buying a House: Mortgage Types & Loan Length

4. Buying a House: Mortgage Types & Loan Length

In this lesson, we'll discuss the three types of mortgage loans: Federal Housing Authority, conventional, and Veteran's Administration. You'll also learn about the two main repayment options: 15 years and 30 years.

What is a Reverse Mortgage? - Uses, Pros & Cons

5. What is a Reverse Mortgage? - Uses, Pros & Cons

Older homeowners sometimes take advantage of a special loan called a reverse mortgage. In this lesson, learn how these homeowners can tap into the equity in their home through a reverse mortgage, along with the pros and cons of such a loan.

Mortgage Rate: Definition & Types

6. Mortgage Rate: Definition & Types

During the exciting process of buying a home, most buyers need to also decide on what type of mortgage they want. In this lesson, we'll discuss the most popular types of mortgages and some of the benefits and costs of each.

Closing Costs for the Seller & Buyer

7. Closing Costs for the Seller & Buyer

In this lesson we will define closing costs and examine the typical costs paid by buyers and sellers as part of a real estate transaction. We will also discuss how costs can be divided or prorated at closing.

What is Title Insurance? - Definition & Purpose

8. What is Title Insurance? - Definition & Purpose

Title insurance differs from most types of insurance. Policyholders are protected from liabilities that have occurred in the past as opposed to something that may occur in the future. Learn what title insurance is and why it is an important part of real estate transactions.

What is a Deed of Trust? - Definition & Overview

9. What is a Deed of Trust? - Definition & Overview

Many lenders don't utilize mortgages when financing property but rather use deeds of trust. In this lesson, you'll learn what a deed of trust is and be given a general overview of it. A short quiz follows.

Real Estate Tax Assessments & Appeals

10. Real Estate Tax Assessments & Appeals

In this lesson, we'll discuss property taxes and how they're calculated. We'll also discuss real estate assessments and how they can be formally challenged.

Selling a House: Strategies & Process

11. Selling a House: Strategies & Process

Part of the American Dream is owning your own home, but at some point, you may want to sell that home. In this lesson, we'll talk about some common home selling strategies, and the basic process involved.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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