Hi guys, Welcome to the Advanced Video Search Engine, and you are watching What are Mortgages? | by Wall Street Survivor. That video is uploaded by Wall Street Survivor at 2013-03-23T11:43:21-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [CBIJwb37O_4]
| Name | What are Mortgages? | by Wall Street Survivor |
| Video Uploader | Video From Wall Street Survivor |
| Upload Date | This Video Uploaded At 23-03-2013 18:43:21 |
| Video Discription | How to understand your mortgage. Investing Tips of the Month: Learn how to get $1,700 in FREE STOCK with ROBINHOOD: https://www.wallstreetsurvivor.com/robinhood-free-stock/?utm_source=wss&utm_medium=youtube&utm_campaign=ytmortgage See which service's stock picks have TRIPLED THE MARKET for the last 20 years: https://www.wallstreetsurvivor.com/motley-fool-review/?utm_source=wss&utm_medium=youtube&utm_campaign=ytmortgage 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. AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, Wall Street Survivor may earn a commission if you sign up with one of our affiliates. However, this does not impact our opinions and comparisons. CBIJwb37O_4 |
| Category | Education |
| Tags | personal finance | wall street survivor | wallstreetsurvivor.com | what is a mortgage | mortgages | home financing |
