The second case in this three-case "Tamara's New House" series that started with “Tamara’s New House (A)” (UVA-F-1886) follows HR manager Tamara as she navigates the home-buying process. Once she chooses to buy rather than rent, Tamara meets loan officer Marsha, who discusses the different financing options available to Tamara. Most of the case is devoted to exploring the various mortgage options, and the terms that define those options. Here the instructor has a chance to highlight several themes that have resurfaced throughout the financial literacy course: the importance of maintaining a strong credit score, the importance of financial budgeting, and the relationship between education and earnings.
