*Personal Financial Literacy Resource Guide*

This chapter provides a complete discussion of selecting housing based on life situation, needs, and personal values along with the related financial aspects of this major expenditure. First presented is material regarding factors related to renting a residence. This is followed by discussion of buying alternatives and the home buying process including determining housing needs, evaluating potential homes, and pricing the property. The financing section covers types of mortgages and closing costs of a real estate purchase. Finally, suggestions for selling a home are offered.