How To Calculate The True Cost of a Mortgage Loan

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This finance video tutorial explains how to calculate the true cost of a mortgage which is equivalent to the total interest paid over the life of the loan. You can reduce the total interest cost by negotiating for a lower fixed annual interest rate or by increasing your monthly payment to pay off the loan in a shorter period of time.
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Опубликовано:

3 авг 2024

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Комментарии : 27

@kiren8745 Год назад

Man started giving life lessons

@capriciouspill2530 Год назад

This guy deserve my 👏,He helped me a lot with calculus

@juliusruli8814 Год назад

This man saving 🧠 cells out here.

@CMRHM 7 месяцев назад

Your explanation is so clear, big thanks

@evank3718 Год назад

We’ve graduated from chemistry to life problems

@kangmoabel Год назад

Can we just stop here and give 👏👏 for JG ❤❤

@lilredninjaswiss7806 Год назад

You're everything school wished it was. You are saving lives LMAO

@Anonymous2627 Год назад

Thanks a lot, man. This helps!

@subjectory Год назад

thank you so much, I'm about to buy a house and this video helped me!

@user4667fh Год назад

this guy just savin are lives

@mlancaster2607 6 месяцев назад

this is brilliant. Just wish i could get the calculation to work on my scientific calculator

@joelhatchett1547 7 месяцев назад

These are very helpful, but I have a question about something that is similar but a little different, I have a mortgage problem with all the other values given , but it also says in the equation that the payer has to pay 2 points , so I add the 2 points to the principal?

@tabmax22 Год назад

if you account for inflation how much have you paid in interest in present value?

@krisjanentrina6437 4 месяца назад

what if there is no interest rate given but only you can calculate for principal, down payment and the years

@nedshead5906 Год назад

Here in Australia the interest is calculated on the amount outstanding on the load, so the more you've paid off on the loan the less you pay in interest, if that makes sense..