What are Mortgages? | by Wall Street Survivor

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How to understand your mortgage.
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Mortgages exist to solve a problem. Most people want to buy their own home, but a house costs hundreds of thousands of dollars, and you likely don’t have that kind of cash lying around in the crevices of your sofa. You’d have to work and save for decades to get that much money, and in the meantime you could easily end up paying out more in rent than the cost of the house you wanted to buy.
So to enable people to buy a house before they are too old to remember why they wanted it in the first place, we have the mortgage system. A mortgage is just a type of loan, pure and simple. If the house you want to buy costs $100,000, then you could pay $10,000 from your savings (that’s called the downpayment), and borrow the remaining $90,000 from the bank.
So if it’s that simple - just a housing loan that you pay back over time - why all the fuss and complexity around mortgages? Well, mortgages come in more flavors than Ben & Jerry’s ice cream, and not all of them taste good. You’ve got ARMs and balloon mortgages, fixed-rate loans and interest-only loans, bridge loans and refis and reverse mortgages.
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Опубликовано:

22 мар 2013

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Комментарии : 837

@Riggsnic_co 26 дней назад

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

@Jamessmith-12 26 дней назад

That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..

@JacquelinePerrira 26 дней назад

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

@Jamessmith-12 26 дней назад

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@JacquelinePerrira 26 дней назад

I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

@diane.moore- 8 месяцев назад

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@91ScottieP 8 месяцев назад

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@ThomasChai05 8 месяцев назад

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@mikegarvey17 8 месяцев назад

@@ThomasChai05 My partner’s been considering going the same route, could you share more info please on the advisor that guides you.

@ThomasChai05 8 месяцев назад

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Gertrude Margaret Quinto” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

@JackBJacobs233 8 месяцев назад

This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.

@dianesullivan5338 Месяц назад

A very clear and helpful : thanks! I'm working extra to keep my ROI flowing into my mortgage payment. it's the last piece of debt i have and i'm a bit overeager to see it gone. Any index fund or stock tips to help that get done?

@JosephineKenney Месяц назад

It’s a good time to buy into the market, so seize the opportunity to purchase stocks on sales.

@FinnBraylon Месяц назад

I think stocks will go down further before actually experiencing steady growth and there are still quite a few stocks that makes for a good buy this season, you just have to do your research, but to be on the safer side and not second guess your market decisions, I’d suggest you reach out to a proper investment manager for guidance, they’re better equipped at understanding market patterns/movements and adjusting portfolio to match up with these market trends.

@HildaBennet Месяц назад

my portfolio is down over 23% j and It’s been that way fsince 2022 and I really could use professional help, I’m close to retiring. have you worked with an asset manager before and could recommend any?

@FinnBraylon Месяц назад

She is easy to find , make a quick research of her on the internet with her name Sonya lee Mitchell . She works with anyone independent of their location

@FinnBraylon Месяц назад

Research Sonya Lee Mitchell and do your own research. She has portfolio management down to a science

@WeweAke 5 месяцев назад

Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.

@PriyasagM 5 месяцев назад

Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter

@DavisFreeman-nu1cu 5 месяцев назад

You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.

@DavisFreeman-nu1cu 5 месяцев назад

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000

@WeweAke 5 месяцев назад

I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?

@DavisFreeman-nu1cu 5 месяцев назад

I personally work with "Patricia Strain " she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that.

@BateserJoanne 7 месяцев назад

Basically , mortgage rates have reached their highest point since 1998, spanning 25 years. Considering inflation trends, there's potential for them to rise even further. Just a year ago, a 28year fixed rate was only 6%. This prompts the question: should I wait for a housing market downturn before buying or shift my focus towards the equity market?

@Jason9o669 7 месяцев назад

The stock market follows a similar pattern, in order to sustain profits, it's crucial to possess a deep understanding of the market.

@AlexanderDanielley 7 месяцев назад

Indeed, I primarily engage in buy-and-hold, but my portfolio has been in the negative for an extended period. To achieve substantial gains, consistency and regular portfolio adjustments are essential.

@Rodxmirixm 7 месяцев назад

I think investing was simpler in the 70s, but it's more complex now. Those consistently profiting today are usually professionals. That's why I've had an advisor for 7 years to steadily grow my retirement portfolio.

@Rodxmirixm 7 месяцев назад

Her name is Stacey Lee Decker and she' a genius at her field. You can easily confirm her expertise by searching for her online. She possesses extensive knowledge of financial markets.

@lolitashaniel2342 7 месяцев назад

thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@SpudMackenzie 8 лет назад

Oh hai Mark, Oh Hai Lisa.

@Mankusharma 6 лет назад

LostSemicolon i did naht..

@AlexeyRome 5 лет назад

I'm literally laughing out loud right now. You are the man sir!

@anastasiosgkotzamanis5277 5 лет назад

And should Lisa tell him that the mortgage has become too expensive and they have to sell the house, he answers: -YOU 'RE TEARING APART LISA!!!!

@OmriSama 4 года назад

Literally, there's no way this was a coincidence.

@SassyMashaVlogs 8 лет назад

or!! the value of the house can depreciate like it did in the last 5-7 years and you end up owing more then you can sell your house for. Now THAT is the information that NOBODY ever talks about because why would people need to know that? haha.

@wallstsurvivor 8 лет назад

+Sassy Masha Vlogs Yes, or that ;)

@DubstepFan38 7 лет назад

The ASMR queen in the house! HAHA

@austinlee8206 7 лет назад

soooo a fellow dubstep fan hmmmmm

@WyattUh 6 лет назад

glad my housing market where i live values are going up 4% a year.

@devildeath6732 6 лет назад

Sassy Masha Vlogs in last 10 years my house rate go ups 400% gain I think this is to much :O

@rolandcanales9695 10 лет назад

Not having a dad , got me here .. smh youtubing basics on life lol damn

@sharnistevens1428 5 лет назад

Umm... thats what most of us do. There is a great channel called "How to Adult" if you need this type of advice that you think a father would normally give.

@siddharthsingh209 5 лет назад

It's okay! We are all here to learn.

@GodChanged4TheBetter 4 года назад

Lmao maaan

@insertfunnyusernamehere8094 4 года назад

@mentosfreshh mine just sighs as he explains that Google exists

@roxanamotoc9943 4 года назад

Yeees im in the same situation

@arnoldolorenzo3474 Год назад

You forgot to talk about interest. The part that lets the bank recoup their money in about 12-15 years then double the cash they loaned them.

@margarettasanjay2718 3 года назад

I’m investing into Stocks and ETFs and have been for 7months now looking to buy a house hopefully by early next year, I started off with $4000 and now at $57k. Sometimes you just work smart

@americandreamer828 3 года назад

How? Can I learn

@johnsonmchughes8116 3 года назад

Does he have a direct contact

@margarettasanjay2718 3 года назад

Sure his mail Connecteddybruke@gmail,

@margarettasanjay2718 3 года назад

Or +32 4602 19701 for whatsapp

@richgang2511 3 года назад

@@americandreamer828 tell me more about it

@aery9319 3 года назад

This is actually insane if you think about the system we live in

@markmower1746 11 месяцев назад

I'm sure anybody under the age of 35 working is insane as well...

@Noisey_fox 11 месяцев назад

When I watch this video all I think about is prison. This is....

@tonightwerideee 8 месяцев назад

40 years to own it

@creed4104 8 месяцев назад

its not

@Pwn3540 8 месяцев назад

40 years is fucking crazy. And you're pretty much paying half your monthly income if you're the average guy, maybe even more.

@Vicwililiams 11 месяцев назад

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing. Any advice would be greatly appreciated

@Mgeofrey9393 11 месяцев назад

Hi, sorry to barge in. Before you delve into investment, What are your goals and risk tolerance?

@Vicwililiams 11 месяцев назад

Am looking to build for retirement over a long term run. my primary goal is capital preservation with minimal risk. I’m more interested in safer investments.

@Mgeofrey9393 11 месяцев назад

For long-term outlook, a diversified portfolio with a mix of stocks, bonds, and maybe some real estate investment trusts (REITs) could be suitable.

@nitrobasel34444 11 месяцев назад

I’ve been hearing a lot about tech stocks lately. Should I invest in them?

@Mgeofrey9393 11 месяцев назад

Tech stocks have the potential for substantial growth, but their volatility requires careful consideration of your risk tolerance and long-term investment horizon. To reduce risks, it's important to diversify your portfolio across various sectors.

@RnBCutz 6 лет назад

Mortgage in Latin means "Death Pledge". Look it up.

@CUNDUNDO 5 лет назад

No that`s wrong,mortgage in latin means corridor of death

@inelsclassics4378 5 лет назад

It means a death contract! Self explanatory!

@lonestarr1707 4 года назад

Wow😳

@Daily_Dose_of_Grass 4 года назад

Uhh ok even tho stated this in many comments which some don't care but ok :D

@Zurled 3 года назад

Lol no way 😂

@Raymondjohn2 11 месяцев назад

Interest rate is currently at 4.75%(8th rate hike since March last year) Inflation at 7% and mortgage rates is at over 7.5% but yet minimum wage remains the same and my retirement portfolio has suffered tremendously these past years, so my question is how do senior citizens retire and live off such unstable economy. The long term game is obviously not for me at this point.

@hermanramos7092 11 месяцев назад

@martingiavarini 11 месяцев назад

@bob.weaver72 11 месяцев назад

@@martingiavarini I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

@martingiavarini 11 месяцев назад

@@bob.weaver72 Personally, I can connect to that. When I began working with “Catherine Morrison Evans’’ a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

@bob.weaver72 11 месяцев назад

@@martingiavarini I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing

@jacobcooley8052 7 лет назад

remember to burn down your homes if your about to be foreclosed on, to collect the insurance and leave a note for the bank.

@nilesseagle886 6 лет назад

I could just imagine and i'm already cracken up laughing lol

@josephrichardson2365 6 лет назад

good luck. won't work that way

@wshtb 5 лет назад

Writing from a prison computer?

@bigbadndn 5 лет назад

Then go to jail for arson but that's free room and meals

@yikumatenga1729 4 года назад

I’m in fits of laughter at this comment 😂😂😂

@gracielacollado3907 9 лет назад

Easy to understand but you have to do the Math to figure out what you're REALLY paying back in those forty years. You end up paying almost or even over a million dollars (depending on your down payment of course)!! So not only are you coming out of pocket for the down payment, you're paying back the bank much more than what the house was really worth. At the end of those forty years you'll never get back the money you actually paid the bank if you want to sell the house and that doesn't include utilities, food, clothes, renovations, etc.

@coollary1 9 лет назад

It would be smarter to simply save up. I would use that 100k by investing it into other things and save up for a home rather then to take out a morgage.

@sharnistevens1428 5 лет назад

coollary1 It really depends what market you are looking at... some housing markets have allowed people to double, triple and even quadruple their money in 20 years, even factoring in inflation. In many markets, there may be better returns made in running a business. Its just so hard to predict where to put your money these days.

@nothing-wp9ti 5 лет назад

Money 40 years from now is worth far less than the same amount today.

@iaintme7586 3 года назад

Thank you wall street survivor channel !

@twanasoftwareengineer1754 2 года назад

Thank you So much, this really helped me out.

@wallstsurvivor 11 лет назад

Thanks!!

@kyles5126 7 лет назад

Great vid, thx

@habibarasooli4437 Год назад

Clearly Explained, keep it up, brother.

@richgang2511 3 года назад

So if I buy a home fully cash no banks do I still have to make monthly payment on the home

@rishabhisthename 3 года назад

Finally ! Thank you so much!!

@PhilGanz 10 лет назад

Great video easy to understand

@mikerice5298 10 лет назад

banks make loans out of thin air look at that video and central banks the fed

@thetiesareoffpodcast Год назад

Great video... Useful for UK, US & AUS

@mortgagewithclare Год назад

A mortgage is a loan used to purchase a house. It is secured by the property and allows the borrower access to funds to purchase the home. To understand your mortgage, you'll need to know the interest rate, fees, down payment, and loan type.

@AlexSerranocreativefeather 3 года назад

Thanks for the explanation. Very clear

@moresuccess1487 5 лет назад

LMAO WHO WANTS TO FINALLY OWN A HOME AFTER 40 YEARS

@stefan6347 4 года назад

Me dad

@sandimarielavati2354 4 года назад

Martinez is legit and reliable. (NO UPFRONT PAYMENT) Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack . Contact him on +12013507159 via WhatsApp Mail him on martinezraber@gmail.com

@bigbadndn 4 года назад

By the time you pay off a mortgage and own your house your kids are checking you into a home because you can no longer control your own bowel movements

@RAyLV17 4 года назад

@@bigbadndn damn bro that was harsh and too real

@dheerajreddy007 4 года назад

@@sandimarielavati2354 yo wtf, you been promoting shit on youtube comments!

@sharamen2468 6 лет назад

thanks for teaching

@harishshetty9212 3 года назад

This is the best vedio ever seen. So clear thanks

@BismillahArif 9 лет назад

that was very nice explanation I have never found such video

@squashgoogolplex9392 2 месяца назад

very straightforward and informative, thx

@anrym2789 2 года назад

Very well explained...thank u

@cccccccn 11 лет назад

love your videos

@thefuture8654 8 лет назад

Wrong. If mark and lisa sells their house for $600k right after they bought it for $500k with a down payment of $100k they don't keep $200k. After taxation and realter fees, they lose about 7% of the price of the house when they well it. So in conclusion if mark sells his house for $600k, he would get back around $550k so in the end they make $50k profit. However, this is unlikely to happen and if mark really does 40yr amortization he would be spending around 1.2mil for the house for a 500k house due to massive interest rates. I would recommend mark to buy a cheaper house and save up

@wallstsurvivor 8 лет назад

+The Future You're right. It would be great for Mark and Lisa if taxes and realtor fees didn't exist, but they do. However, these amounts vary by region, so we didn't include them in the video. In general, if a house increases in value, the owner can make a profit if they sell it.

@kongslark 7 лет назад

Did they really make a $50k profit? I mean after they get $550k , they still need to pay the loan which is $550k and how about the fixed rate 5% ? Answer me pls if you see this .I am new and trying to learn something here .

@n.aminr.7175 7 лет назад

To be exact they make profit around $58k. Mortgage $400k + 5% bank fixed rate int. for 5 years term = $400k+$100k = $500k. If I'm not mistaken they are lock to pay all 5 years interest to the bank. What's the point on lending the money for no profit so people will have opportunity to own an asset and make profit out of the blue right. Minus 7% taxation and re-alter fees of $42k then left out $58k gross profit before deducting any other legal fees.

@hahahahahahahaha 7 лет назад

but it 40 years 1.2=500k in purchasing power so it all works out

@sharinglungs3226 6 лет назад

Banks will also charge a fee if you end your mortgage prematurely. So if this couple doesn’t roll their old mortgage into a new home this will also subtract from the profit made.

@joshuaprufer6305 10 лет назад

your videos are great

@anantshukla1367 2 года назад

Towards the end you mentioned that the couple sells the house for 600k and pays the mortgage of 400k back to the bank. Is it possible to do so ? Since you are under agreement with bank to pay for 40 years , which is the amortization period.

@aam7486 5 лет назад

Thank you!

@blancavaladez8794 9 лет назад

Thank you very much

@yauol 3 года назад

The knowledge.. it..is... OVERWHELMINGLY STRONG, THE SECRETS OF LIFE ARE IN OUR HANDS NOW!!

@JRayman64 10 лет назад

great video. Thanks.

@mikerice5298 10 лет назад

banks make loans out of thin air look at that video and central banks the fed

@dhananjaypatkulkar6410 5 лет назад

Nice explanation with good example love it channel 🙏

@sandimarielavati2354 4 года назад

@waseemmohmand9905 2 года назад

so simple and explicit ... thnxs

@NimbyDZH 4 года назад

Please what is the name/type of wedding song on minute 0:25, thanks a lot

@adityamulik Год назад

The last 10 seconds of the video must have got many a people excited 🤣

@Miltinic 9 лет назад

Well explained

@Gegescarfcollection 3 года назад

wow that was wonderful explanation

@markclarence940 2 года назад

thanks for advice

@f0ksie 8 лет назад

I love how this video was made for the upper classes. Because most people totally are able to save up $100k as newly weds.

@wallstsurvivor 8 лет назад

+Thomas Jaynes Hey Tom, we hear you. 100 was just an easy number ^_^

@sharnistevens1428 5 лет назад

Umm, in Australia and Canada you kinda have to...

@Julie_jul 4 года назад

Facts

@memzi7071 3 года назад

@Swadian Knight well clearly you havent been to the UK

@ameliac504 3 года назад

RIGHT!

@rishabhjaini4701 5 лет назад

Amazing video thanks👌

@sandimarielavati2354 4 года назад

@rodelscreation 2 года назад

I now understand it thank you

@samsam8939 3 года назад

I get to now when my mom says “I’m still paying for the house”

@reallll2778 Год назад

This was a great video

@gracielacollado3907 9 лет назад

My point is that if you're going to get a mortgage you should have at least half of the price as a down payment or get a house you can actually afford.

@x78340 9 лет назад

who's gonna have $500,000 sitting in a bank?? you have to loan the money!

@ZainxIqbal 9 лет назад

Corvux IX They're saying to live within your means. Basically, instead of getting a mortgage for a $500,000 house and increase the risk of not being able to keep up with payments, stick to a house that costs $200,000 or even less.

@devildeath6732 6 лет назад

Graciela Collado half or 20%?

@josephrichardson2365 6 лет назад

i would never put 50% down. if a bank want to lend me money for 45 years im in. the just pay like its a 30 and be done in 20. i dont like the idea of giving all my money so i can save immediately on interest.. life is a marathon not a sprint

@sharnistevens1428 5 лет назад

Joseph Richardson That's your choice but you would be paying a lot more in interest payments over the life of a loan. You could get a mortgage offset account, which is attached to your loan. It means you can redraw those extra payments you made, but still get the interest savings from the reduced amount owing.

@pumpiron1657 4 года назад

Won't the bank be mad if I give them $400,000 without any interest the next day? Like we made a deal before . Anyone help pls 🙏

@lawschool1469 2 года назад

Thank you🥰

@donxiqote5680 10 месяцев назад

I didn't understand the 5-year term. Anyone to explain please

@vinit11 5 лет назад

Thank you

@sandimarielavati2354 4 года назад

@hyper_nut6935 3 года назад

Nice video man

@KatherineMoore-kt7py Год назад

Very instructive

@edwarcastil 6 лет назад

Good video presentation, thank you for the information.

@sandimarielavati2354 4 года назад

@milesbradshaw9566 6 лет назад

Don’t forget realtor fees , on 600,000 they would pay 35,000 , they would have lost their closing fees from buying , 10,000 , and capital gains tax for not owning the house longer than the tryout period 10,000 , so now they might keep 45,000 of profit but they will have to go through all steps again plus moving and renting for months (costing thousands of dollars) again till they find next house plus having a lower credit score than they started with , it would not be worth it, but you were correct on what a mortgage was🙂

@sharnistevens1428 5 лет назад

Many websites these days will let you sell without using a realtor. Huge savings!

@sandimarielavati2354 4 года назад

@arnavpatil2807 Год назад

@@sharnistevens1428 How?

@tanmaydeshpande5748 3 года назад

if they have to pay off for the house for 40 years (amortization), what is the significance of the 5 year term? I thought they pay back the bank in 5 years? Can someone please explain :)

@dr.psycho5606 11 месяцев назад

That’s the worst thing you can do to yourself financially in this age we live in

@jonathanruiz9062 6 месяцев назад

I mean if you save at least the half amount of money of the house worth and have a pretty good salary 90k-140k then you won’t have that much of a problem.

@JasonWhitewitnessriches 4 года назад

New Minimum Credit Score for Mortgage Approval | Dough Chaser TV: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-gKhepZHsgZ0.html

@Marketplacere 2 года назад

Excellent.This is really a great explanation.Thanks for your information.

@SoulPapiii 7 лет назад

this helped

@duazafar344 3 года назад

thank you

@lukepedersen9681 7 месяцев назад

What would the monthly payment be

@abdulaziz-qs4br 2 года назад

Nice advice

@Coouge 9 лет назад

I just bought a place and it already appreciated by $10,000 in 2 months! :D

@devildeath6732 6 лет назад

Coouge omg really where you live?

@animemusic9277 6 лет назад

full of shit

@1BigMistakee 6 лет назад

Coouge so did your taxes haha

@sharnistevens1428 5 лет назад

Alec y, some countries you don't pay taxes on your primary residence... In Australia, house prices doubled in a just a few years in many suburbs. I've lived in my family home for 30 years. It was $300,000 in the late 90s. It is now worth over $2 million. (We have a housing crisis here). If you can be smart and buy in an area where the jobs are good, you should have good capital gains. Land is limited and population is increasing. Another variable to factor in, is how easily the banks are handing out loans. This will also increase house prices.

@evaleriafloresflores5730 2 года назад

Good explanation

@Thechicagomortgagebroker 9 лет назад

Nice explanation of mortgage loans. A mortgage is the promise you give the bank in exchange for the loan, though. But great explanation.

@Eric-1444 2 года назад

I’ll be entering adulthood in a couple of years, and since school will not teach me this stuff, I’ll teach it to myself instead. Thank you, it was very helpful!

@randomkitty2555 2 года назад

@Swoque Yeah, I've taken a course in Accounting for a year back in High School but was never taught about what mortgage was. I've always felt that there should be a required course about adulthood that you should take for at least a semester to understand things like these.

@nigel485 2 года назад

Don't take out a mortgage. You'll be enslaved to the bank for 30 years. The amount of interest you will pay will be astronomical.

@RageSpell24 9 лет назад

Thanks for this simple explanation :)

@wallstsurvivor 9 лет назад

Ameri Spaceman cheers, Ameri!

@Luciloveapols 7 лет назад

Ameri Spaceman

@sehajpreetsingh6243 2 года назад

Thanks

@richarde8809 2 года назад

thanks

@siddharthpatell1218 5 лет назад

If I wanan get loan form the back to buy a house how much minimum money should be in my back ? And also what kinda documents have to provide ?

@sandimarielavati2354 4 года назад

@puppyluv014 7 лет назад

So can you use mortgage money to construct/improve a home????

@gansterworld2521 2 года назад

very nice video

@aniketjoshi3858 Год назад

I did not understand the 5 year term and the amortization. does that mean that they need to pay the 400k in 5 years term or the 40 years term, and if in 40 years the house becomes theirs then what exactly is the 5 years term?

@munnyhero9760 2 года назад

Great bro

@williamleonard2242 2 года назад

Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

@williamleonard2242 2 года назад

@Olivia George Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Debbie Ramirez, her trading strategies are top notch coupled with the little commission she charges on her trade.

@ebonicalbert5711 2 года назад

This is why I said everyone should be ready for the worst situation financially because I see no reason why I should put all my money in the bank where it's not safe.

@williamleonard2242 2 года назад

@RONATO Johnson My coin stays right in my trading account, my account just mirrors her trades in real-time that's the idea behind copy trading.

@williamleonard2242 2 года назад

@Olivia George Sure, meet her up on Telgram..

@williamleonard2242 2 года назад

@Olivia George Managerdebbieramirez

@MonkeyDluffy-dv6yu 2 года назад

Thanks myan

@brotherschannel9810 6 лет назад

wonderful

@sandimarielavati2354 4 года назад

@leonardoferreira7960 8 лет назад

Feels like I'm playing Monopoly kkkkkkk Great video!

@wallstsurvivor 8 лет назад

+Leonardo Saturnino Ferreira Thanks Leonardo!

@jcrowley1985 5 лет назад

Make extra payments, especially early on in the loan. An extra $100 per month and $5000 annually eliminates more than half my interest

@sandimarielavati2354 4 года назад

@abhishektongale58 4 года назад

Can someone please tell me the difference here between 5 year term and 40 year amortization???... Coz 1st he said they'll be locked in for 5 years and then they'll own the house in 40 years... So please someone help me understand

@MarcoGilardi_MG 4 года назад

I do not consider as "default " a fix secure if first I don't put a clear scope on my plane...for the 200K earned good details mentioned by the author ..." the day after" like this will not include the interest part...good video congratulation simple and clear for who start now learning about a mortgage...

@alexanderlarsen5641 3 года назад

does the bank give them the money in advance, or each year for 5 years?

@mle1872 5 лет назад

Fixed rate through a solid deal is definitely what you should aim for when investing in real estate. If you want a changing interest rate then look to invest in the stock market. At least you can liquefy your assets there if shit hits the fan. Which also has its downsides.

@sandimarielavati2354 4 года назад

@Jaskaran_Singhhh 4 года назад

I did not understand the difference between 40yr Amortization period and 5-yr period . Can you please specify? Thanks

@sandimarielavati2354 4 года назад

@Raven-cf5qd 4 года назад

I'm trying to learn about this. So basically you get a loan for $500k however you have to pay atleast $100k to do so. Then over the years of paying it off you also have to pay extra due to interest on that $400k which is basically the banks way of making profit from the loan correct or wrong?

@miguelgutierrez288 2 года назад

They didn’t double their Investment if the first thousand was a down payment

@user-dm6ys7ty8c 3 года назад

US is making hard for even average people to own house. Please change the law so that every American has their own house.

@fishymakesart2133 2 месяца назад

Why are they locked into a 5 year term when the amortization period is 40 years? Does that mean they only pay the 5% fixed rate for 5 years and the remaining 35 years no longer require you to pay the fixed rate?

@SuperPatricluvyoutub Год назад

You said mark and lisa were locked in for 5 years at 5%. What happens after 5 years. Does the rate vary till the end of amortization period?

@samuelkurian7073 7 лет назад

I didn't understand the amortization part can someone please explain

@rdammara 6 лет назад

Basically how long do you have to pay the mortgage to the bank. Just like financing a car when you have an option to finance it for 60 months for example.