(货币政策教学课件）Chapter 13 What kind of Mortgage Loan Should.ppt

What kind of Mortgage Loan Should You Get? Chapter 13 I. Open Questions 1．What are the definitions of mortgage loan and its related commercial terminologies ? 2．What is the method to choose the suitable mortgage loan through profiles of six common mortgage shoppers? 3．What are the necessary elements needed to be considered during the process of choosing the mortgage loan? II. Teaching Plan This chapter will cover 3 hours. 2 hours for the introduction of background information and explanations of terms and the texts. And the other 1 hour for discussion and practice. III. Teaching Methods Translation of key sentences Paraphrasing of key words and expressions Explanation of new terms Summarizing of key passages Discussion of important issues Questions and answers: interaction between teachers and students IV. Background In modern time, many people prefer to call loans for the further development of their business or daily life if they do not have enough money on hand. In order to apply for loans, mortgage is a necessity that should be considered. Among various kinds of mortgage, it is of great importance and needs special skills to choose the very kind that suits someone. Varied models of choosing mortgage loans can help make the right decision. V. Special Terms Mortgage 抵押贷款 a legal document that secures the note and gives the lender a legal claim against your house if you default on the note’s terms. In effect, you have possession of the property, but the lender has an ownership interest until the loan has been fully repaid. 抵押贷款是一种保障性借据，如果某人违约，债权人有权索要债务人的房子抵债。实际上，债务人对财产有所有权，而债权人在债务偿清之前一直享有所有权利率。 Adjustable –rate mortgage 可变利率抵押贷款 also called en ARM, its interest rate varies during the life of the loan. The interest rate with ARM may increase or decrease based on market interest rates. 可变利率贷款，也称ARM，此贷款的利率依据贷款期限而有所不同。 此贷款的利率可能依据市场利率而有所升高或者降低。 Fixed-rate mortgage 固定利率抵押贷款 some mortgages have an interest rate that is fixed for the entire term of the