Workshop will explain mortgages

UNIVERSITY PARK, Pa. -- “Mortgages: The Financial Process of Owning a House” will be presented from 5:30 to 7 p.m. Wednesday, May 28, in Foster Auditorium, 102 Paterno Library. Purchasing a home is one of the most important financial decisions you will make in your life, and it is wise to fully understand the financial process of owning a home.

Presenter Daad Rizk, a Penn State financial literacy coordinator, offers practical step-by-step instructions on financing a house purchase as well as tips and ideas to make the experience more enjoyable. Starting with understanding your budget and calculating how much you can afford in a monthly payment and a mortgage loan, she will explain the dos and don’ts of mortgage exploration and how to steer away from first-time home buying mistakes such as not sticking to your budget, choosing a costly type of loan, skipping inspections, not evaluating your non-negotiable items and not being financially prepared.

The presentation is part of the Money Counts: a Financial Literacy Series, a collaborative effort of the Penn State Commission for Adult Learners and the University Libraries.

Additional details are online. Registration is available online.

For more information or if you anticipate needing accessibility accommodations or have questions about the physical access provided, contact Lauren Reiter at lmr29@psu.edu or 814-865-4414.

Last Updated May 16, 2014