Mortgage Unit Review

Missy·

Mortgage

Preview

At a Glance

SubjectMortgage

Original Prompt

I would like to create a review for the Mortgage Unit we just finished. This is for a learning support class. I have attached the teacher notes to help support the creation of an activity for students to complete to help them review for a quiz. The following is a summary of a document named 6bdfd82c-3ff5-439b-8a9d-880158085156%2Fuser_uploads%2FXisLdt04j2XmZLNSdN4BV?alt=media&token=b4f25601-6c61-4448-9297-d7d5d5be2206: **Summary of Unit 14: Mortgages** This document provides a comprehensive o...

This resource focuses on the fundamentals of mortgages, covering key concepts, terminology, and calculations necessary for understanding and navigating the mortgage process. It includes vocabulary matching exercises to familiarize students with critical mortgage terms such as 'Principal,' 'APR,' and 'PMI.' Additionally, students engage in practice calculations, allowing them to apply their knowledge in real-life scenarios, including determining mortgage amounts and related costs. The document also guides learners through the steps of home-buying, encouraging them to sequence these steps correctly. Furthermore, it offers practice on budgeting for housing costs, employing the 30% rent/mortgage rule and the 3x income rule to determine affordable home prices. Lastly, it compares common mortgage loan options, helping students to analyze the best choices based on situational factors like credit score and financial standing.

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Mortgage Unit Review

Teaching Tips

Engage with Vocabulary in Real-World Contexts

Use Peer Collaboration for Matching Activity

Incorporate Visual Aids for Calculations

Chunking Instructions for Practice Calculations

Introduce Real-Life Scenarios for Sequencing

Model the Example Calculation

Scaffold Practice with Faded Examples

Use Pair-Share for the Analysis Questions

Connect Loan Types to Personal Financial Goals

Provide Additional Resources for Diverse Learners