Understanding Mortgages, Credit & Home Loans (Made Simple)

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About Course

This course offers a clear and practical introduction to the world of home financing. Whether you’re a first-time buyer or someone seeking to rebuild credit and qualify for a mortgage, you’ll learn how credit works, how home loans are structured, and how to make wise, faith-informed financial decisions. Grounded in biblical principles, this course equips you to steward your finances with confidence and integrity.

“The wise store up choice food and olive oil, but fools gulp theirs down.” — Proverbs 21:20 (NIV)

What Will You Learn?

  • Understand the core components and terminology of a mortgage
  • Recognize how credit scores affect mortgage approval and rates
  • Identify different types of home loans and their pros and cons
  • Read and interpret a credit report accurately
  • Learn steps to improve and maintain a healthy credit score
  • Compare fixed-rate and adjustable-rate mortgages
  • Evaluate government-backed loans like FHA and VA
  • Spot and avoid predatory lending practices
  • Make informed, faith-based financial decisions about homeownership
  • Build confidence in navigating the mortgage process from application to closing

Course Content

Topic 1. What Is a Mortgage? Understanding the Basics
Learn the fundamentals of mortgages — what they are, how they work, and the key terms you need to understand before applying for one. You'll gain clarity on principal, interest, amortization, and the life cycle of a home loan. “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost?” — Luke 14:28 (NIV)

  • Lesson: What Is a Mortgage? Understanding the Basics
  • Lesson Reflection Questions
  • Case Study: Jamal and the Cost of Not Understanding a Mortgage
  • Case Study Reflection Questions

Topic 2. Credit Scores and Reports: How They Impact Your Loan
Explore how your credit score is calculated, how to read a credit report, and how these numbers affect your ability to get a mortgage. Learn practical ways to improve your credit and maintain financial health. “A good name is more desirable than great riches; to be esteemed is better than silver or gold.” — Proverbs 22:1 (NIV)

Topic 3. Loan Types Explained: Fixed, Adjustable, FHA, VA & More
Unpack the different types of mortgage loans available — including fixed-rate, adjustable-rate, FHA, and VA loans. This topic helps you choose the right loan for your situation by comparing risks, benefits, and eligibility. “Plans are established by seeking advice; so if you wage war, obtain guidance.” — Proverbs 20:18 (NIV)

Topic 4. Avoiding Pitfalls and Making Godly Financial Decisions
Discover common mortgage traps, predatory lending practices, and how to avoid overextending yourself financially. Learn how to make wise, faith-based decisions when buying a home. “The borrower is slave to the lender.” — Proverbs 22:7 (NIV)

Comprehensive Self Assessment

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