Financial Literacy 20, 30

(a)	List the types of homes (e.g., condominium and house) available for purchase within one’s or another community.
(b)	Calculate the true costs including expenses such as mortgage payments, utilities, property taxes, condominium fees, insurance and ongoing maintenance associated with owning a home.
(c)	Define the concept of being “house poor.”
(d)	Discuss factors one should consider prior to purchasing a home.
(e)	Create a checklist of items a buyer may use to evaluate a prospective home for purchase.
(f)	Investigate ways (e.g., privately, through a real estate professional and through a real estate service such as ComFree) a home can be purchased in Saskatchewan.
(g)	Investigate programs such as the Home Buyers’ Plan for purchasing a home.
(h)	Identify mortgage lenders locally or within Saskatchewan.
(i)	Pose questions to ask when shopping for a mortgage.
(j)	Debate the issue of obtaining a mortgage for the maximum pre-approval amount.
(k)	Identify closing costs typically paid by the buyer and the seller in a real estate transaction.
(l)	Propose the steps a potential buyer could use to manage the home buying process for various scenarios.