Module 3 : Loans and Mortgages

Introduction

This module presents a thorough overview of the topic, focusing on concrete day-to-day situations. Moreover, it will help to understand the implications of debt problems and try to guide readers to be autonomous and confident. The aims is to teach how to create a proficient dialogue with the bank, in order to find the best solution for your needs.

Expected Learning Outcomes

Knowledge 

Upon completion of this module you should: 

  • Know the basic features of loans and mortgages 
  • Understand the difference between them and how to deal with them  

Competences and Skills 

Upon completion of this module you should: 

  • Be able to dialogue with the bank in a proficient way 
  • Be able to correctly calculate mortgage payments 

Introduction

1
Introduction
2
Expected learning outcomes

Topic 1: Fundamentals: the difference between loans and mortgages characteristics of the products possibility to renegotiate the contract with the bank

1
Introduction
2
1.1 What is a loan and its structure?
3
1.2 Different type of loans and how they work
4
1.3 Loan terminology
5
1.4 Steps on obtaining a Loan

Topic 2: From theory to practice: the payments structure

1
2.1 Understanding of the loan amortization schedule
2
2.2 Example of a loan payment schedule

Topic 3: How to correctly calculate Loan/mortgage payments

1
3.1 Payment components, the P.I.T.I. components
2
3.2 How is the interest rate of a loan calculated?
3
3.3 Exercise in calculating loan payments

Self-assessment Activity

1
Final Quiz
8 questions

Resources References and Materials

1
Additional Material
2
References
3
Module’s Infographic

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Enrolled: 136 students
Lectures: 15