Home Mortgages 101 (For First Time Home Buyers)
19:43
YouTubeMarko - WhiteBoard Finance
Home Mortgages 101 (For First Time Home Buyers)
This video is the ULTIMATE GUIDE to home mortgages. A mortgage is one of the biggest and longest-term loans that a household will ever take on, so it makes sense to understand it inside and out. In this video we will talk about: 1. The 4 factors that make up a home mortgage 2. The 7 different types of mortgages 3. A live demo through my home ...
703.1K viewsAug 6, 2020
Mortgage modification Definition
Understanding Mortgages: A Simple Explanation
Understanding Mortgages: A Simple Explanation
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Should homeowners refinance with these lower rates? That depends on what the breakeven point is.
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Should homeowners refinance with these lower rates? That depends on what the breakeven point is.
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Want to pay off your house faster without paying more? Go biweekly. It turns 12 payments into 13 and shaves years off your mortgage. Simple. Effective. Slept on. #personalfinance #mortgage
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Sure the 100 year mortgage isn’t a real thing (yet) but what is real is the way predatory lending works to communicate with people who don’t have financial literacy and are in need of a reduction in cost of living. Trying to make generational debt happen is wild. 😭 In this video I used 30 year mortgage loan for a $500,000 house. Interest rate: 7.10% Payment: $3,360/month If we extend to 100 years (1,200 months) at 7.10%, the monthly payment becomes: $2,960 per month 🫠 In other words: A 100-yea
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Sure the 100 year mortgage isn’t a real thing (yet) but what is real is the way predatory lending works to communicate with people who don’t have financial literacy and are in need of a reduction in cost of living. Trying to make generational debt happen is wild. 😭 In this video I used 30 year mortgage loan for a $500,000 house. Interest rate: 7.10% Payment: $3,360/month If we extend to 100 years (1,200 months) at 7.10%, the monthly payment becomes: $2,960 per month 🫠 In other words: A 100-yea
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