OS-PFI-1006 Loans

Course Description

At some point in your life, you will probably take out a loan to pay for college, buy a car, or make another purchase. This course describes different types of loans and defines terminology associated with loans.

By the end of this course, you will be able to

• Define terms associated with loans, including principal, interest, and term
• Describe a student loan
• Describe an automobile loan
• Describe a mortgage
• List what is typically included in a mortgage payment
• List different types of mortgages

Estimated completion time (hours): 1.1