Mastering Home Loans is a comprehensive and engaging lab designed to equip you with the knowledge and skills needed to navigate the world of home loans and personal finance.
You will explore the definition and purpose of a home loan, examining its components such as the principal, interest, and down payment. Through real-life examples and case studies, you will understand how these elements impact the cost of homeownership.
One of the key highlights of this course is the exploration of amortization—the process of mortgage repayment. You will delve into the mechanics of an amortization schedule and learn how monthly payments are divided between interest and principal. Through interactive simulations and visualizations, you will witness the changes in payment allocation over time, enabling you to grasp the long-term implications of your mortgage choices.
Throughout the course, you will actively participate in engaging and interactive activities, including worksheets, quizzes, and reflective exercises. These activities will reinforce your understanding, encourage critical thinking, and provide practical application of the concepts discussed.
The course content is tailored to suit the age group and educational level of middle and high school students, ensuring that the concepts are presented in a clear, accessible, and engaging manner.
The course is designed to provide them with a solid foundation in understanding home loans and personal finance.
Students will learn the concept of savings, short and long-term goals, interest, compound interest, and the effect of time in compounding, risk-based savings etc. using interactive activities.