Homework: Research the Home-Buying Process

• Task: Choose a house in your local area you would be interested in buying. Research the total cost of buying the home, including mortgage rates, down payment, property taxes, and other fees. Create a breakdown of what monthly mortgage payments would look like with different down payments (5%, 10%, 20%).

Real-Life Application: Understanding the home-buying process can help individuals make informed decisions when it's time to purchase real estate.