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Preview of Mortgage Notes: Mortgage Basics, 15 yr vs 30 yr, Second Mortgages

Mortgage Notes: Mortgage Basics, 15 yr vs 30 yr, Second Mortgages

Created by
MathMotivations
Although your students won’t likely be buying a home soon, it’s never too early to learn what a mortgage is, what a second mortgage is, and the differences between 15- & 30-year mortgages. Once students understand these terms, it makes it easier to understand the math behind them. These notes serve as a great precursor to the other math-centered mortgage activities that focus on mortgage payments, amortization tables, & monthly payments. Great for math & financial literacy classrooms! Guid

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