For todays piece of the assignment I want you to focus your efforts on finding a house. Almost everyone has an idea of where they would like to live and what type of house they would like to own. It's your job to use the links below to find your dream house -- although we need to keep it realistic, so don't spend over $400,000 on the house.
When you have found the house you want, open Microsoft Word and put a title at the top of the page that says, "PERSONAL BUDGET RESEARCH PROJECT". Next, make a section called "My House" and enter the following information:
- Where is the house?
- How much does it cost?
- Use the Real Estate Loan Payment Calculator to figure your monthly payment for a 30 year mortgage.
- Monthly Payment (from above)
- Yearly Cost (Monthly Payment x 12)
- Income Needed (Yearly Cost divided by 28%)
- Paste a picture of the house on the page.
- URL (web address) of the site you used
Save this document to your Thawspace, but you might also want to email a copy to yourself in case the Thawspace gets wiped out again. If you need to borrow a USB drive, please let me know. We will be adding to this document tomorrow.
