Reflective Writing
In doing this project, I feel I developed several of the learning outcomes for different math applications. I learned how to use and analyze all the procedures to examine a home loan or mortgage. This evaluation seems really simple after you do all the process, but it is very complicated to identify each part of the procedure if you don’t know how to do it. I had to use reflective thinking and deep analysis to solve the project, making me feel like if I was doing the calculation for my own loan. I also learned to be able to get the most out of a loan, letting me identify the best way possible to get a mortgage.
This project makes me realize that math applications are related with simple daily basis activities. The fact that I could evaluate and understand the mortgage process, gives me the advantage to take a better decision in myself interest. This makes it a great asset, for future references when I buy my own house.
This project has supported my idea that today is not a good day to buy a house. Prices still dropping in the housing market; making it less attractive for investors. In the project we assume a growth of 4% a year, showing some gain or equity in the property. This growth is not a reality nowadays. Finally now that I have the knowledge to analyze a mortgage, I will consider buying a house when the market improves to the point where I can see reasonable profits.
In doing this project, I feel I developed several of the learning outcomes for different math applications. I learned how to use and analyze all the procedures to examine a home loan or mortgage. This evaluation seems really simple after you do all the process, but it is very complicated to identify each part of the procedure if you don’t know how to do it. I had to use reflective thinking and deep analysis to solve the project, making me feel like if I was doing the calculation for my own loan. I also learned to be able to get the most out of a loan, letting me identify the best way possible to get a mortgage.
This project makes me realize that math applications are related with simple daily basis activities. The fact that I could evaluate and understand the mortgage process, gives me the advantage to take a better decision in myself interest. This makes it a great asset, for future references when I buy my own house.
This project has supported my idea that today is not a good day to buy a house. Prices still dropping in the housing market; making it less attractive for investors. In the project we assume a growth of 4% a year, showing some gain or equity in the property. This growth is not a reality nowadays. Finally now that I have the knowledge to analyze a mortgage, I will consider buying a house when the market improves to the point where I can see reasonable profits.
