On the Move: Mortgage Basics

Abstract: Buying a home is a major financial decision, and for young people in particular the entire process can seem overwhelming. Learn about mortgages and the steps people can take early in life to prepare themselves financially to buy a home, in this February 2022 issue of Page One Economics: Focus on Finance.

Keywords: mortgage; budget; collateral; credit reports; default; disposable income; down payment; foreclosures; interest rates; interest; savings goal; term;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2022-02