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Rose Buys a House
Fairchild, Gregory B.; Fairchild, Tierney; Black, Christina; Jones, Liz Ivaniw Case F-1872 / Published June 26, 2019 / 20 pages. Collection: Darden School of Business
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Product Overview

Rose is a single, 35-year-old social worker from Virginia who has decided to foster two small boys, with the goal of eventually adopting them. She lives in a two-bedroom apartment, which she knows does not provide the space she needs to accommodate the boys. She has been thinking about buying a house for a while, and her decision to take in the boys is the catalyst that causes her to take the next step and visit a mortgage loan officer to see if she could be approved for a mortgage. This case guides participants through the home-buying process, focusing especially on mortgages.



Learning Objectives

Participants will learn when it's a good time to buy a home, and they will discuss the pros and cons of buying as compared to renting. They will also learn details about the home-buying process and the actual cost of buying a home; the process of lender approval for a home mortgage, including what is required for approval; the types of mortgage loans available; and the effects of different mortgage loan types on a budget.


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  • Overview

    Rose is a single, 35-year-old social worker from Virginia who has decided to foster two small boys, with the goal of eventually adopting them. She lives in a two-bedroom apartment, which she knows does not provide the space she needs to accommodate the boys. She has been thinking about buying a house for a while, and her decision to take in the boys is the catalyst that causes her to take the next step and visit a mortgage loan officer to see if she could be approved for a mortgage. This case guides participants through the home-buying process, focusing especially on mortgages.

  • Learning Objectives

    Learning Objectives

    Participants will learn when it's a good time to buy a home, and they will discuss the pros and cons of buying as compared to renting. They will also learn details about the home-buying process and the actual cost of buying a home; the process of lender approval for a home mortgage, including what is required for approval; the types of mortgage loans available; and the effects of different mortgage loan types on a budget.