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 ...
694.7K viewsAug 6, 2020
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Would a 50-year mortgage solve the affordability issue for U.S. homebuyers?
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The Math Behind The 50 Year Mortgage
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The Trump administration is working on a 50-year mortgage option for home buyers. That means Americans would have 20 additional years on top of the traditional 30-year mortgage to pay off that loan. While affordability is the name of the game, CBS MoneyWatch correspondent Kelly O'Grady breaks down the pros and cons of this new option; what it would mean for monthly payments, interest rates and overall interest over the life of the loan. | CBS News
The Trump administration is working on a 50-year mortgage option for home buyers. That means Americans would have 20 additional years on top of the traditional 30-year mortgage to pay off that loan. While affordability is the name of the game, CBS MoneyWatch correspondent Kelly O'Grady breaks down the pros and cons of this new option; what it would mean for monthly payments, interest rates and overall interest over the life of the loan. | CBS News
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