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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