In this presentation, you will demonstrate your knowledge of housing affordability. This exercise assesses Learning Outcome 2: Develop an actionable personal financial budget by evaluating personal spending, ways to reduce spending, integrating concepts of credit and debt, and the effects of taxes on spending.

directions

Complete the following:

Profile a first-time homebuyer in their 20s or 30s; Includes typical household income and debt.

Using our housing affordability calculator, determine the maximum recommended home price. Cite the calculator used and include a screenshot of the presentation.

Provide the down payment amount, rationale for the down payment amount, interest rate, amortization period and mortgage payment.

Find a home in the market with this budget.