CONTACT MR. ALDERMAN
Mr. Alderman's Classes
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  • AP Calculus AB
    • Unit 1 >
      • 0 - Pre-Calc Review
      • 1 - Limits, Derivatives, and Integrals
      • 2 - Properties of Limits
    • Unit 2 >
      • 3 - Derivatives, Antiderivatives, and Indefinite Integrals
      • 4 - Products, Quotients, and Parametric Functions
    • Unit 3 >
      • 5 - Definite and Indefinite Integrals
      • 6 - Exponential and Logarithmic Functions
  • Honors Physics
    • Unit 1 - Motion of Objects
    • Unit 2 - Forces and Motion
    • Unit 3 - Energy
    • Unit 4 - Waves
    • Unit 5 - Electromagnetism
    • Unit 6 - Modern Physics
    • Unit 7 - Astrophysics
  • Personal Finance
    • Unit 1 - Saving and Budgeting >
      • 1 - Introduction to Personal Finance
      • 2 - Saving
      • 3 - Budgeting
    • Unit 2 - Credit and Debt >
      • 4 - Debt
      • 5 - Life After High School
      • 6 - Consumer Awareness
    • Unit 3 - Financial Planning and Insurance >
      • 7 - Bargain Shopping
      • 8 - Investing and Retirement
      • 9 - Insurance
    • Unit 4 - Income, Taxes and Giving >
      • 10 - Money and Relationships
      • 11 - Careers and Taxes
      • 12 - Giving
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Giving

Foundations in Personal Finance - Chapter 12

We will review the buying, selling and renting process. This chapter describes various types of mortgage options and gives a cost and savings analysis of a 15-year versus a 30-year mortgage.

Chapter 12 Learning Outcomes

In this chapter, students will…
  • Describe the steps to take to maximize the sale of a home.
  • Examine what to look for when purchasing a home.
  • Evaluate the various types of home mortgages.
  • Identify the pros and cons of renting versus owning.
  • Compare and contrast a 15-year mortgage to a 30-year mortgage.

Chapter 12 Vocabulary

  • ARM (Adjustable Rate Mortgage)
  • Appraisal
  • Appreciation
  • Conventional Loan
  • Curb Appeal
  • Equity
  • Fixed Rate
  • MLS (Multiple Listing Service)
  • Mortgage

Academic Standards Met in Chapter 12

Planning and Money Management: Organize and plan personal finances, and use a budget to manage cash flow.
  • HS-PF3-4: Apply consumer skills to purchase decisions. 

Files for Download

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Chapter 12


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