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Search results “Refinance rates and payments”
How to make a Fixed Rate Loan/Mortgage Calculator in Excel
 
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Premium Course: https://www.teachexcel.com/premium-courses/68/idiot-proof-forms-in-excel?src=youtube More tutorials: https://www.teachexcel.com Excel Forum: https://www.teachexcel.com/talk/microsoft-office?src=yt This video tutorial will show you how to make a fixed rate loan or mortgage calculator in excel. It is actually quite easy to do and after watching this step-by-step example and walk-through, you will be able to make your own also. This tutorial uses the PMT() function to calculate the required payments and it is also explained in the tutorial. To follow along with the spreadsheet seen in the tutorial or to get some free excel macros or tips & tricks, go to the website: TeachExcel.com
Views: 238564 TeachExcel
Home Loan Refinance Calculations in MS Excel
 
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Welcome to the familycomputerclub.com! Refinancing a home loan can save money if you know how to calculate the details based on the options provided by a bank specially with respect to the refinance fees and monthly savings. Robert has a similar problem and let's find a solution. Of course, the side-effects are MS Excel learning! Here is Robert's query: "You have been living in the house you bought 10 years ago for $300,000. At that time, you took out a loan for 80% of the house at a fixed rate 15-year loan at an annual stated rate of 9%. You have just paid off the 120th monthly payment. Interest rates have meanwhile dropped steadily to 6% per year, and you think it is finally time to refinance the remaining balance. But there is a catch. The fee to refinance your loan is $4,000. Should you refinance the remaining balance? How much would you save/lose if you decided to refinance? " http://www.youtube.com/watch?v=7FHknla1NuA
Views: 9260 Dinesh Kumar Takyar
Math 1324 Finding Mortgage Payment
 
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This is Tim finding the principal and interest payment (PIP) for a 30-year mortgage for his Math 1324 class.
Views: 54501 Tim Precella
Mortgage Interest Rates | Housing | Finance & Capital Markets | Khan Academy
 
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Understanding how mortgage interest rates are quoted. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/mortgages-tutorial/v/short-sale-basics?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/mortgages-tutorial/v/introduction-to-mortgage-loans?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Most people buying a home need a mortgage to do so. This tutorial explains what a mortgage is and then actually does some math to figure out what your payments are (the last video is quite mathy so consider it optional). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 155004 Khan Academy
How to Calculate a Mortgage Payment
 
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This video presents the formula for calculating a monthly mortgage payment and demonstrates how to calculate a mortgage payment using the formula with a comprehensive example. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 76382 Edspira
3 tips to guarantee you get the best mortgage interest rate
 
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TITLE: 3 tips to get the best mortgage interest rate This video will show you everything you need to know about how to get the best mortgage interest rates on a mortgage and the best deal on a mortgage. When working with Banks, lenders and mortgage brokers it’s hard to know what the best deal on a mortgage is. In fact, these are the same ideas that we use in our company to help clients all over Florida get the best deal on a mortgage. They’re the main reason that I have been successful as a mortgage broker in Central Florida. We help clients all over Florida, primarily working in the Orlando are with our office in Oviedo, Florida. So how do you get the best deal on a mortgage? First you have to understand the numbers. Lenders and mortgage brokers use a Loan Estimate to show you the numbers and the only thing that they control are lender fees and the interest rate, everything else is an estimate. One way we make this easy on the client is that we do not charge lender fees, so it’s easy to analyze, zero fees. You pay no processing, underwriting, admin or application fees. Next up we have understanding the mortgage market. So many people never question a lender when they seem to be offering rates lower than ever other bank in the market. If you were buying a new car you would be extremely suspect if you found the car way cheaper than what the other dealers were selling them for. You have to take the same approach when looking at rates and be suspect for anything that seems too good to be true. The Third tip is to do your research, to get a low interest and best deal on a mortgage you need to make sure you are working with someone that you can trust. Google the name of the loan officer you are speaking with and see what other people are saying about them. Googling the bank does you now good, google the person as they are who you are going to be working with. also if you ever thought about buying an investment property in Florida, watch this video for some good info: https://www.youtube.com/watch?v=Oukxmc8FxZg Rayce Robinson 321-377-4211 nmls 322615 [email protected] https://www.zillow.com/lender-profile/Rayce%20Robinson/ www.raycerobinson.com Mid Florida Mortgage Professionals COMPANY NMLS 1587074 Note - mortgage interest rates change every day if you have a question on where rates are at just give Rayce Robinson a call from the Robinson Mortgage Team to get your quote today and see how we apply this tips to get you the best mortgage interest rate as well as the best over all deal on a mortgage. Rayce Robinson 321-377-4211 RAYCE ROBINSON (NMLS 322615) Mid Florida Mortgage Professionals, LLC Company NMLS 1587074
Should You Pay Points on Your Home Loan?
 
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Should someone pay points to buy down the rate for their home loan?
Views: 3674 Monarch Capital
Adjustable rate mortgages ARMs | Housing | Finance & Capital Markets | Khan Academy
 
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Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/mortgages-tutorial/v/hybrid-arm?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/mortgages-tutorial/v/short-sale-basics?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Most people buying a home need a mortgage to do so. This tutorial explains what a mortgage is and then actually does some math to figure out what your payments are (the last video is quite mathy so consider it optional). About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 58773 Khan Academy
Stop refinancing your mortgage for a better rate
 
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http://www.debtfreeorcashpoor.com/ Stop refinancing your mortgage for a better rate. Should you refinance your existing mortgage for a better interest rate? If you are using my mortgage coupon the answer would be no never. why? Because you can never recoup the amount of money that the bank or the loan officer is charging you. There are certain conditions that you might refinance your loan but only if you had enough money to pay off debt. If you do this, please use the same amount of money you are currently paying toward your consumer debt and put this toward the mortgage as extra principal payment using John Schepcoff mortgage coupon program. Most loan officers or bank offers only think what's in it for them. Loan officer or bank officer is telling you how great and how much money you're going be saving over the course of the loan because they've lowered your monthly payment. By the way did they tell you how much money it will cost you if you refinance and start over. No! Because they do not understand the consequences of refinancing and the amount of months that you can put toward the loan plus the additional amount of money to restart your impound account. Oh by the way, don't forget the amount of monies that you had paid on the loan as well. You are getting ripped off when you refinance. I am also a loan officer and I tell people don't do it. I have been helping people for over 30 years. Don't get me wrong refinancing is good for some things but not everything. For example, you currently have a 9% interest rate. You owe $100,000 and you have paid five years on the loan. What do you look for? The answer is an 8% or lower with no additional closing fees whatsoever onto the loan. So the new loan would be $100,000 with 25 year term loan. Not a new 30 year loan. And anything lower than a 9%. Remember... the bank cannot put any fees onto the loan, if they do, this is Not a TRUE No Cost Loan. Now if someone offers you that I'll say jump on it. That's a no-brainer because it's Not costing you any money. Now use my mortgage coupon program and you're doing even better. So the bottom line is you never want to refinance your home. I don't care how much money they say they are saving you or how much shorter the loan will be. Don't fall for the trap. It is almost absolutely impossible to make up the loan fees and cost over the course of the loan doing it the way I have explained it to you. When you refinancing you must look at the entire picture. Don't just listen to the loan officer and they say "I'm saving you $300 or I just dropped your interest rate by a full point". Hog wash! You must look at all the figures from the very beginning of the original loan. You must look at the numbers when you start over. You must look at the numbers how much you are paying on the new loan with the numbers and years of the payment you were making. There are too many factors you MUST look at. So is it really worth to refinance? Not in my books. Get my program and I promise you you will save a lot of money and build a faster retirement in place for yourself and your family.
Views: 84346 John Schepcoff
Mortgage Payment Options in Canada - Mortgage Math #7 with Ratehub.ca
 
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http://www.ratehub.ca - In Canada, there are a number of mortgage payment options. Mortgage Centre Broker Chris Molder explains the most popular mortgage payment options and their effects. 1:00 Monthly Mortgage Payments 1:16 Bi-weekly Mortgage Payments 1:55 Accelerated Bi-weekly Mortgage Payments 2:33 Calculating Your Annual Payment Amounts ABOUT MORTGAGE MATH: Whether you're a first-time homebuyer or a veteran homeowner, learning the ins and outs of the home buying process and the Canadian mortgage market can be a big undertaking. Produced by Ratehub.ca and The Loop by Sympatico.ca, Mortgage Math is an all-new video series dedicated to giving viewers all of the information and tools needed to navigate through the world of mortgages and homeownership. Featuring some of Ratehub.ca's best and brightest partners, you'll not only learn about seven different aspects of the home buying process -- like how to qualify for a mortgage, compare fixed and variable rates, and calculate CMHC insurance -- but also follow along as our experts perform the related calculations in real-time on a whiteboard. WATCH THE OTHER MORTGAGE MATH VIDEOS: 1. How to Get a Mortgage in Canada - http://youtu.be/_mEp2ucQBy0 2. How to Calculate Debt Service Ratios - http://youtu.be/wz3qSoBGjp0 3. The RRSP Home Buyers' Plan - http://youtu.be/f5iz26AflGI 4. Fixed and Variable Mortgage Rates - http://youtu.be/2Ru3ejpFS3o 5. How to Calculate CMHC Insurance - http://youtu.be/GncRSX7BUvM 6. How to Calculate Land Transfer Tax - http://youtu.be/xOf2dASV5nw 7. Mortgage Payment Options in Canada - http://youtu.be/auS2HWiWD9w
Views: 39233 Ratehub.ca
Real Estate Tricks: How To Pay Off Your Home Mortgage FAST
 
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Here’s a popular topic of discussion when it comes to Real Estate: How to pay off your mortgage early. And this video will tell you EXACTLY how to do that with real world examples that actually work. Enjoy! Add me on Instagram: GPStephan GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50 The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Now first, when it comes to this, I think it’s important we address a comment I’ve received far too often that REALLY needs to be talked about, and that’s the concept of “paying down your mortgage early with a HELOC.” So first, what’s a HELOC: This stands for Home Equity Line Of Credit. This is pretty much like using your home as a bank account, where you can borrow money against the value of your home. And you only need to pay back what you end up actually using. First of all, a HELOC is generally at a HIGHER interest rate than you pay with a traditional mortgage. Secondly, HELOC’s are generally what’s called “Variable Interest Rate Loans” - which means the interest rate you pay will fluctuate over time, meaning it could be HIGHER in the future. Compare this to a fixed rate mortgage, which will not fluctuate whatsoever - what you pay is what you pay for the lifetime of the loan, until it’s paid off. Third, with a HELOC - there are also transactional costs, including appraisal fees, transaction fees, processing fees, smashing the like button if you haven’t done that already fees, title costs, the list goes on. This all needs to be factored in the overall cost of applying for this line of credit, OR whether or not this money might be better spent somewhere else - like just paying down your existing mortgage a little more. And Fourth - one of the main reasons I’d absolutely never do this - is that the interest you pay on a home equity line of credit is often NOT a tax deduction if you use that to pay off existing debt. On the other hand, if you ACTUALLY want to pay down your mortgage faster - and save money - here are the REAL ways to do it: The first is what’s called a refinance. This is when you go to a bank and they will give you a brand new loan that replaces your previous loan. This works best when interest rates go down, and all of a sudden you can pay a lower interest rate if you get a new loan. So if you’re out there and you realize that you can save money on your mortgage by refinancing to a lower interest rate, do it. ALWAYS DO IT. The second method to pay down a mortgage early is to make bi-weekly payments. The way your mortgage is calculated is by your total outstanding loan balance. So instead of making one payment per month, you can make half of that payment every other week…and as we all know…or I guess as we all SHOULD know…. there are 52 weeks in the year, so you’ll make 26 bi-weekly mortgage payments. And if we just math a little more, 26 half payments equal 13 full payments per year instead of 12 per year if you had paid monthly - and that cuts down your loan time substantially. The third way to pay down a mortgage earlier is by making extra payments towards your loan. Consider that with a mortgage payment, you’re making 12 payments throughout the year, every single month. But if you ever get an end of year bonus, or any lump-sum check or tax return - and you throw it all into the mortgage - that could cut down your mortgage time by a LOT. Just making 2 extra mortgage payments per year could lower your mortgage time by 7 years. And the best way to pay off your mortgage your mortgage earlier…is just to pay your mortgage off earlier. There’s no other way around it - I recommend always refinancing if you can get a lower interest rate to save money, you can make bi-weekly payments to speed up the process even further, but beyond that, you gotta pay it off using your own money by just paying it down sooner. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected] My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Views: 125646 Graham Stephan
Calculate Your mortgage Interest Rate and Discover What The Bankers Are Not Telling You !
 
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http://www.SamTheMoneyCoach.com When is a mortgage loan of 3.75% really 67%? When it is your home loan! Real estate Broker, Sam demonstrates the grand deception in the mortgage interest and banking industry!
Views: 78749 Sam Assil
How to refinance your car loan
 
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Second to mortgages, car loans are one of the most expensive loans that most people get. This video talk about the importance of refinancing your car loan to get the lowest interest rate you can. Maybe you didn't have the best credit when you bought the car. Maybe you chose the wrong bank. Maybe you just didn't know you could do it. No worries. We can always see what other options are out there! SUPPORT THIS CHANNEL! https://www.patreon.com/CommonCentsMike EMAIL: [email protected]
Views: 74491 COMMON CENTS MIKE
How to Refinance a Car Loan (The Right Way)
 
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How to refinance a car loan the right way! LightStream Auto Loans: http://bit.ly/LS_AutoRefinance (I may be compensated by LightStream through this link.) Watch more car buying/financing videos: Car Buying: https://www.youtube.com/watch?v=rwOcAHTH4Os&list=PLOmIpJDqCR-L6xTFH83iG-hGK9aDpy17r Please subscribe: https://www.youtube.com/c/HonestFinance?sub_confirmation=1 Refinancing your car loan can save you significant amounts in interest, but it's not always what you need to do. In this video I'll cover why you'd want to refinance your car loan and I'll cover how to refinance a car loan. It's not too complicated, but you need to be aware that it's not always your best move. Refinancing a car loan is only a good idea in certain situations. I hope you learn something new and thanks for watching! ----------------- - CHANNEL RELATED RESOURCES AND RECOMMENDATIONS - This channel covers a broad range of financial topics that'll give your life and finances more value. Consider subscribing to Honest Finance for more related videos: https://www.youtube.com/c/HonestFinance?sub_confirmation=1 - POPULAR PLAYLISTS - Car Buying: https://www.youtube.com/watch?v=rwOcAHTH4Os&list=PLOmIpJDqCR-L6xTFH83iG-hGK9aDpy17r Loans and Interest: https://www.youtube.com/watch?v=1CpSMo7To2U&list=PLOmIpJDqCR-Kkqklbt4pRpcL7LnLZgNfl Amazon Reviews (like Audible, Prime, Visa): https://www.youtube.com/watch?v=GetFVRzw3_U&list=PLOmIpJDqCR-Jb53gogjHvGsAn0XGXxFiE Stock Market and Investing: https://www.youtube.com/watch?v=uRBqoRfnH9w&list=PLOmIpJDqCR-J5YB7foTH-5ayM4tpRgVn8 Credit Cards: https://www.youtube.com/watch?v=KyA_RygVbYg&list=PLOmIpJDqCR-LRMsepGvSHI6nP1vi9h9wH Buying and Selling on ebay: https://www.youtube.com/watch?v=XWHcCfl_m2U&list=PLOmIpJDqCR-Ln1EkbLuksV8KINQf9uQOl - RECOMMENDED PRODUCTS/SERVICES - DISCLAIMER: This description contains affiliate links, which means if you click through the links, I can receive a small commission (at no cost to you). The average millionaire reads more than 2 book per month, so I'd suggest reading more right now. Audible is a great source for reading and they've got every book you can think of. Here's a link to get 2 free audiobooks from Audible. https://amzn.to/2O9mMUI If you're want to invest, but you don't want to do all the work, look into Betterment for automated, low-fee investing. They'll help with everything and are one of the best online advisers I'd recommned. http://bit.ly/Betterment_Investing If you want to invest in the stock market yourself, check out M1 Finance, because you can buy partial shares (which is awesome) and trades are free to make as well. http://bit.ly/HF_M1Finance If you're in need of a personal or auto loan, check out LightStream Loans. They have the best rates and don’t charge any fees or pre-payment penalties. http://bit.ly/lightsteam_loans And if you want to start a YouTube channel, here's a great course called "YouTube Ranking Academy" by Sean Cannell. http://bit.ly/YTRankingAcdmy - SOCIAL MEDIA - Facebook: https://www.facebook.com/honestfinancechannel Instagram: https://www.instagram.com/honestfinance/ Pinterest: https://www.pinterest.com/honestfinance/ Twitter: https://twitter.com/FinanceHonest ----------------- Welcome to the Honest Finance Channel! I'll give you the honest truth about a variety of financial and life improvement topics in a way that actually makes sense. I'm not a financial adviser and this is all my opinion, so take my advice for informational and entertainment purposes only. I simply want to share my financial advice with anyone who will listen. #honestfinance
Views: 14320 Honest Finance
Do I Need To Re-Fi My 30 Year Mortgage?
 
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Now that interest rates are on the rise, many are wondering if it makes sense to refinance so they can get rid of their mortgage faster, or if they should keep their existing mortgage. In this video, Dave Ramsey answers Eric’s question: “If I have a 30 year mortgage, but know that you recommend a 15, should I refinance or not?” Dave tells Eric that since he has a 3% rate, which is great, he should keep his current loan. If he pays extra on a 30 year to where the amount is the same that it would have been on a 15, then it pays off in the same time. Don’t refinance to pay a 30 like a 15 if you have an advantageous interest rate. BUT, he says, wait and do this until he gets rid of his car loan. Once he is at baby step 4, debt free except for the house, THEN pay extra on your house. Doing the steps out of order can wreak havoc on your financial health. For more information on the baby steps, visit: https://www.daveramsey.com/baby-steps If you’re in a bad loan, or a high-interest loan, the best place to start is to refinance with a Churchill Mortgage, whom Dave trusts: https://www.daveramsey.com/recommends/mortgage-refinance Another helpful resource: do some digging on your payment with Dave’s Mortgage Payoff Calculator! https://www.daveramsey.com/mortgage-payoff-calculator The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. The show live streams on YouTube M-F 2-5pm ET!”
Views: 211694 The Dave Ramsey Show
PSA: Why it’s a BAD IDEA to pay down your mortgage early!
 
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In many situations, paying off your mortgage early could potentially be costing you hundreds of thousands of dollars…and I’ll run the numbers to show this based off real world examples. Enjoy! Add me on Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c This is one of those subjects that’s not intuitive for most people - you would think that paying off your mortgage early would be a really good idea. But this isn’t always the case. The reason people think this way is because they haven’t really looked at the true cost of ownership, what their money is really worth, and they only focus on the end number. On our $400,000 loan example, your payment is $1956 per month and you wind up paying $304,000 in interest over 30 years. But there are three very important considerations here: 1. The first is the mortgage interest tax write off - this is what makes real estate extremely appealing, and why keeping a mortgage helps long term.For the average person in a 23% tax bracket, with a 4.2% interest rate, after you factor in your write offs, your ACTUAL cost of interest is only 3.23%. 2. The second factor is Inflation. Because the bank is holding the entire loan over 30 years and you get to pay bits and pieces of it over time, it should be safe to assume a 2% AVERAGE inflation rate over 30 years. This means that even though you’re paying a NET interest rate now of 3.23%, if we subtract 2% annually for inflation, this means that you’re really only effectively paying 1.23% in interest after tax write offs and inflation. 3. Finally, the third factor is opportunity cost. Can you make MORE than a 1.23% return ANYWHERE ELSE adjusted for inflation? The answer is pretty much always yes. This means that if you INVEST your money instead of paying down the mortgage, mathematically over the term of the loan you’d come out ahead than if you just paid off the loan early. So with these points above, we’ll take two scenarios. In scenario one, you have a 30-year, $400,000 loan at a 4.2% interest rate that you pay off in half the time - you increase your payments from $1956 to $3000 per month in order to make this happen. Then once the loan is paid off, you invest the full amount in the stock market for another 15 years. After an additional 15 years, that works out to be just over $1,000,000. So you now have a paid of house plus a million dollars. But what happens if you kept the 30-year mortgage and instead of you paying it off in half the time by increasing your payments to $3000/mo, you just invested the extra $1050 per month instead? Because you didn’t pay down your mortgage early and you invested that extra money instead, at a 7.5% return in an SP500 index fund…at the end of 30 years, you’ll have a paid off home PLUS $1,433,000.. This means that over 30 years, that’s a difference of $433,000…by NOT paying down your mortgage early, and instead investing the difference. Although keep in mind, if you have a really high interest rate on your loan, above about 6%, it’s probably better to pay it off. This is because the upside to investing gets smaller and smaller the higher your mortgage interest rate is. But the biggest advantage of paying it off early is that with the above example, we assume the person will actually invest the money rather than pay off their loan early. In order for this calculation to work, the person needs to be disciplined enough to actually invest the different and not spend it. But for anyone with the discipline to actually stick with an investing plan instead of paying down the mortgage, statistically and mathematically, you can often make more money paying it off slowly than paying it off early. For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
Views: 236946 Graham Stephan
How Do Principal Payments Work on a Home Mortgage?
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 544896 The Dave Ramsey Show
PSA: Why you SHOULDN’T get a 15-year Mortgage
 
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Here’s why I don’t recommend getting a 15 year mortgage vs a 30 year mortgage, and how taking out a longer term loan could leave you with WAY more money…enjoy! Add me on Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Get $50 off for a LIMITED TIME with code ThankYou50 - The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c here’s where I’m getting at, summed up as simply put as possible..if you don’t watch anything in the video, at least read this: First of all, there’s NOTHING stopping you from paying down a 30-year mortgage early if you want to. If you get a 30 year loan, you can pay it off whenever you want. If you decide you want to pay it off in 15 years, just increase your monthly payment and pay it off sooner. What a 30 year loan gives you that a 15-year loan doesn’t is FLEXIBILITY. It gives you the ability, if you want to, to pay it off over 30 years and invest elsewhere…or you can pay it off in 5 years, it doesn’t matter. The advantage to doing this is that it gives you more safety and leeway with your payments. Also, home equity isn’t really going to be making you money…as unpopular as that is to say, when you have your money tied up in a property, it’s not money that’s easily accessible to invest elsewhere at a higher return. In order to get that money, you either need to sell the property - or do a cash-out refinance, pulling out your money, but then taking out a brand new loan and starting all of this again. With a 30 year loan, you’ll have access to your money as you need it because you’re paying LESS money into an illiquid investment like real estate, and like my last example, you’ll have more free cashflow available to you at the end of the month. And arguably, the difference in loan amounts between 15 years and 30 years is really such a small number after you account for write offs and inflation…that you may as well just take the 30 year for additional flexibility, allowing you to re-invest the money at a higher return. And let me just say this for all the Dave Ramsey followers who live by his advice of the 15 year mortgage: The IDEAL scenario here is that if you’re getting a home for yourself to live in, buy something where you could afford the 15-year mortgage, but take a 30 year for additional flexibility. If you’re getting a house where you can ONLY afford a 30 year house payment, I’d argue that you should lower your price range. For an investment property, always take the 30 year…cash flow is king, not equity, so you could always go with the option that gives you the greatest amount of write offs…which is the 30 year…and the most cash flow…which is also the 30 year. For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
Views: 429893 Graham Stephan
How to Reduce Home Loan Interest Burden || Home loan Tips and Tricks
 
11:59
Home Loan Home Loan EMI is perhaps the biggest monthly expense item for a number of people. EMIs typically comprise 35-40% of take home salaries of individuals. With such high EMIs, very little is left to invest for other financial goals. To purchase their dream house and to keep their EMIs affordable, people go for long tenor loans. However, not many people realize that longer the EMI tenor, the more you pay in terms of interest. . Pay One More EMI per Year 2. Increase EMI by 3%- 7 % Every Year 3. You Can Do Both 4. Refinance at a Lower Interest Rate
Views: 437317 The Viral Media
How To Refinance Your Mortgage & Lower Your Interest Rates
 
08:50
http://real-101.com Watch more episodes Refinancing your mortgage on Real Estate 101. Ewa Zaba of Centum Way2Save discusses the process of refinancing, and how to get the best interest rates on your mortgage. To watch more episodes of real estate 101, visit website below. Real Estate 101 http://www.real-101.com Ewa Zaba / Centum Way2Save Inc. http://www.ewazaba.ca Need A Top Real Estate Agent In Ontario? Contact Joe Terceira http://www.joeterceira.com How To Refinance Your Mortgage & Lower Your Interest Rates https://www.youtube.com/watch?v=uL2Nsnn0RxU
How To Pay Off a Mortgage
 
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Paying off your mortgage in 5 to 7 years can help you change your life. Find out your mortgage options here: https://goo.gl/1up9dK SUMMARY In this video, Dave shares how to pay off your mortgage early. Dennis in Charlotte, North Carolina, just bought a house with a 30-year mortgage and a 3.6% interest rate. He’s considering refinancing to a 15-year mortgage and taking his money out of mutual funds in order to pay off his mortgage fast. Dave suggests refinancing to a 15-year mortgage to reduce Dennis’ interest rate, which would save him money in the long run. This means Dennis could pay off his mortgage in 5 to 7 years! If you want to get serious about paying off your mortgage early, you have to commit to paying a little extra on your regular payment in order to put a dent in your principal balance. Adding even just one extra payment each year can take years off your mortgage! RESOURCES Use Dave’s Mortgage Payoff Calculator to see how fast you can pay off your mortgage: https://www.daveramsey.com/mortgage-payoff-calculator Get some ideas on easy ways to cut costs and pay off your mortgage in 5 to 7 years: https://www.daveramsey.com/blog/how-to-pay-off-mortgage-early Have other questions about mortgages? We’ve answered them here: https://www.daveramsey.com/blog/mortgage-questions THE DAVE RAMSEY SHOW The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw
Views: 151285 The Dave Ramsey Show
Two Tips to Lower Your Mortgage Payment Today
 
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This is a must see video if you currently have a mortgage. I share two tips to lower your mortgage payment today. As always, if you have a question specific to your personal situation, please reach out to me. I will be very happy to do a complimentary review of your mortgage and advise you accordingly! [email protected] (847) 970-4239
Views: 29678 Ed Conarchy
(Mortgage Points ) Should I Pay Points to buy a lower interest rate [Mortgage]
 
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Mortgage? Should you pay mortgage points? Need a mortgage loan but not sure if you should pay discount points? What are points on a mortgage? Everyone knows what the interest rate means. The term is just how many years the mortgage is for, but what about points? Whenever I sit down to go over the ins and outs of the loan process, I am always asked questions about rates, term, and points. What are discount points? Is that worth paying? Are points different than discount points? Different perspective! People ask what are the interest rates? That is a stranger question than people realize. I will use 4% for this example. The rate is the rate. 4% is 4%. When the mortgage rates go up, that means that it cost more to obtain a 4% interest rate. It may cost you 1/2 point (1/2% of the loan amount) it may cost a full point. It may cost 2 or more. When rates go down, it cost less or you may even obtain credit toward closing costs with a 4% interest rate. The more rates go down, the bigger the credit for the same 4%. Instead of credit at 4% you can choose a lower interest rate (with a lower credit of course). If it seems confusing, any loan officer can show you how this works with more accurate rates than I am showing here. That's how virtually all mortgages work. As part of the whole loan process mortgage loan points explained properly can save you a lot of money over the term of your home loan. It doesn't matter which loan type it is and it's very common with FHA loans, VA loans, conventional and Jumbo loans. loan points will not only affect your payment but can also mean the difference in qualification and approval of a loan if the debt ratio is close. You can pay loan points if that will lower your payment enough to qualify. In most loans the rate and fee work like a seesaw. If today's interest rate was 5% with no points, but you want a lower interest rate. What you can do is buy down the interest rate by paying discount points. Discount points are a certain percentage of the loan amount. Each point is 1% of the loan amount. So the fees go up, but your rate goes down. There are many calculations that help determine mortgage points and whether paying loan points is a good thing. But first, you need to know what are points on a loan. Chris will help you calculate whether it makes sense or not and he'll teach you the whole loan process! If you're going to be in the home for an extended period, it's very common and usually works to your benefit, to pay some points to get that lower rate. Understanding that 5, 10 or even 30 years of a lower payment, because you paid discount points up front, can save you a lot of money, often many thousands of dollars over the term of a loan. No true mortgage loan explained can be done properly without the proper explanation of what are points on a mortgage. A lot of times people don't have enough money for closing costs. I can raise the interest rate .5% and will receive a 1.5% of the loan amount as a credit that goes towards closing costs. So, on a $400,000 loan if I raise the interest rate a .5% I'm going to get about $6,000 to lower your closing cost, and that's a big deal. There are a few things that will affect your rate. Your rate is dependent on how much you put down, what type of program, and the all-important FICO score. So, the lower the FICO score, the higher the rate, the higher the FICO score, the lower the rate. Everything seems to work like a seesaw in this business. And this is not something that is only part of my company it is part of every company in the industry. All loan programs work this way. So, if you ever run into somebody who says, "Well they're charging you points." There is a reason we're charging you points. It's because we've given you a lower rate. But we will discuss this with you. I'm a walking calculator. I'm good at helping you figure out if you should buy down the interest rate. This is Chris the mortgage pro, and I'm going to help you fire your landlord! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~#fireyourlandlord #loanpoints #mortgagepoints Like | Share | Comment and Subscribe Go To http://www.FireYourLandlord.info to Learn more and for more videos Apply online now at http://www.christhemortgagepro.com It only takes 5-10 mins to get your process started. Find Chris on social media facebook - https://www.facebook.com/iwantyoutofireyourlandlord linked in - https://www.linkedin.com/in/christrapanithemortgagepro/ Instagram - http://www.instagram.com/christhemortgagepro Want to buy a home in Rancho Cucamonga, Inland Empire, San Bernardino, Riverside, LA County and Orange County? Know that you’re getting the best deal and not making the rookie mistakes when it comes to buying a home. Call the pro. Chris Trapani "The Mortgage Pro" NMLS# 240870 Cell: 310-350-2546 Commerce Home Mortgage 8311 Haven Ave, Suite 210 Rancho Cucamonga, CA 91730
Views: 814 Fire Your Landlord
How Mortgage Interest Works
 
05:13
Have you looked at your mortgage payment and are wondering why such a small amount is going towards your principal? Watch this video to understand why!
Views: 20870 Adam Pitts - KDK
Mortgage Loan Officer Sales Training / How to Sell Higher Rate and Fees than your Competitors
 
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Dear Mortgage Loan Officers, Bankers, Brokers and Sales Team Managers... . Are you noticing with the change in the Market that business is starting to slow down? . Notice how much of a grind it is now to sell the current market rate? . Are your leads still stuck in the past, asking you for that 2.25% on a 30 year fixed, with no cost? . As if they missed the whole “feds raised the rate again” talk? . I am going to show you a valuable technique on how to sell a Higher Rate and Cost @salesremastered . When I originally began as a Loan Officer, it was back in time when MLO’s didn’t need an NMLS number, hell the NMLS wasn’t even a thing at that time, you just needed to know how to sell in order be a “Loan Officer” and that, I can do! . At the ripe young age of 23 years old, I was a Mortgage Loan Officer… . I worked for the 2nd Largest Subprime Lender in the Country selling interest rates that were 3 points higher than the average market rate, and our costs were 3 times higher than the average lender… . Oh, and did I mention my rate was a 2 year fixed, with a 3 year prepayment penalty? 🤯 . On top of that, the ARM rate was higher than the going Fixed Rate that had NO prepayment penalty 🤯 🤯 . What did we do and say, to get them to buy from us? . One of my original Mentors, Dale Vermillion, led the training for the entire company and I’ll never forget his 8 Video training course that I had to watch for an “entire” 2 days of training, and once I finished the final video, I was considered “ready to hit the phones”. . 15 years later, I find myself still using some of the same strategies and concepts he outlined in those Videos, but over the last decade and a half, I’ve modernized it and developed a cleaner and more efficient version that is Remastered for today’s Loan Officer. . Please leave your comments, like and share this video. Watch 1003 Remastered: https://youtu.be/2uKPgRFjNqM About Me: Welcome to SalesRemastered, my name is Daniel Nicart and I am the founder and content creator of this Channel. I have studied the Science of Persuasion, Influence and Selling for over 20 years! I have been fortunate to learn from the some of the Greatest Mentors of my time on how to properly conduct the Sales Process from Open to Close and now I mentor thousands of Sales Representative across the World! I have since Discovered an amazing technique that is fused with many lessons adopted from my Mentors but also through rigorous trial and error, revisions and repeat attempts, I have finally perfected the Sales Cycle for Mortgage Loan Officers! This channel has allowed me to build a community of liked minded Sales Agents, where I share free content to help Loan Officers who simply do not have the right resources they need to Succeed! To Loan Officers who do not receive adequate support from their Corporate Sales Trainer, modernized support from their Sales Manager and Effective Sales Training that applies to their Industry! I will teach you how to become a Top Paid Producer in any Rate Market, with any Lead Type, no matter what Rate or Costs are associated, I share with you the Science of Persuasion, Influence and Selling! If you are fed up with the fluctuation in your income and production, or constantly missing your commission tiers or losing on Rate and Fees to your competitors, then you’ve come to the right place! If you just want the answers on how to properly handle Rate and Fee objections, how to avoid ‘chasing’ business and how to ease the torturous grind Sales puts your thru… then you should Subscribe and Follow on all Channels @SalesRemastered is on! You are going to experience a New Enhanced Version of Selling…you are going to see a whole new world where Sales can be made with more ease and less time. You are going to get your SalesRemastered! Enjoy the Ride and PLEASE Like, Comment and Share any content that you believe is Valuable. I’ll see you inside! Now let this content help increase your Morale, Motivation, Sales and Income. I have a Free Sales Script for you to request, now available @ https://www.SalesRemastered.com Please visit, follow and subscribe to these Channels to support the Hustle: Instagram: https://www.instagram.com/salesremastered/ Facebook: https://www.Facebook.com/SalesRemastered Snapchat: https://www.Snapchat.com/add/salesremasterd Website: https://www.SalesRemastered.com __ Video Sting Music Produced by Nick Ngo Bangerz
Views: 6069 @SalesRemastered
Understanding Closing Costs on Mortgage Loans
 
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Understanding closing costs on mortgage loans can be confusing. APR vs Interest Rates is a prime example. APR on a home or refinance loan is the actual rate you pay, which includes all your closing costs and fees. Click here to read more about closing costs and what to look for. https://www.lendingtree.com/understanding-mortgage-costs-summary
Views: 16793 LendingTree
How to pay off a 30 year home mortgage in 5-7 years
 
29:13
SUMMARY: In the above video I reveal a powerful strategy that is practically available to all, but is known and fully understood by a very few. If one takes the time to learn and implement this method of eliminating debt, one may find themselves pleasantly surprised of how quickly their home mortgage, auto loans, student loans or business loans can be completely paid off. This strategy is known as Velocity Banking and in the video I will demonstrate how Velocity Banking can be used to pay off a 30 year home mortgage in just 5-7 years without sending double payments to the bank or changing one’s current level of income. RECAP OF THE VIDEO: I start off by creating a scenario of a financial situation by taking an average household net income in the United States combined with some of the basic monthly expenses: home mortgage, minimum payment on a credit card, car payment and living expenses which include groceries, utilities, gym membership… Once all expenses are identified and subtracted from the net monthly income it is important to understand the impact of cash flow, the difference between a loan and a line of credit, how the interest of a loan and a line of credit is calculated, and how monthly payments on a mortgage are dispersed between interest and principal paydown. To help demonstrate these differences I create tables and an amortization graph. As I go on to unveil the main differences I also identify the biggest reason why nowadays most homeowners are unable to payoff their home mortgages due to the unstrategic use of home refinancing. By this point having had identified the difference between a loan and a line of credit I can reveal the benefits of utilizing a line of credit to pay off a home mortgage in 5-7 years. This is where I get into the Velocity Banking strategy which incorporates an unaccustomed method of moving one’s entire monthly paycheck into a line of credit instead of the accustomed checkings and savings accounts. By adopting this method one can leverage a line of credit to free up cash flow, gain cash back rewards, build credit history and improve credit score, but the greatest leverage created is the thousands if not hundreds of thousands of dollars in interest savings. KARL'S MORTGAGE CALCULATOR APP: https://itunes.apple.com/us/app/karls-mortgage-calculator/id1025852681?mt=8 Android version: https://play.google.com/store/apps/details?id=com.drcalculator.android.mortgage ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ► Velocity Banking & Real Estate Investing Course - Please email me at [email protected] for more information. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitko-1464576883611081/ INSTAGRAM: https://www.instagram.com/laura_pitko24/ DISCLAIMER: I (Laura Pitkute) am not a financial advisor, real estate broker, a licensed mortgage broker, not a certified financial planner, not a licensed attorney, and not a certified public accountant, therefore please consult with a competent professional prior to engaging in any financial strategies. Not everyone will experience 100% success rate by using this strategy as it requires a commitment to keep applying this strategy over time until the desired result is achieved. I (Laura Pitkute) do not promise or guarantee any specific outcomes and/or results from the use of this strategy.
Views: 3174231 Laura Pitko
I Have a 24% Interest Rate On My Car Loan!
 
04:31
I Have a 24% Interest Rate On My Car Loan! Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 59781 The Dave Ramsey Show
FHA Streamline Refinance Exposed - Lower FHA Rates - Lower Payment
 
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http://www.lowestpymt.com/fha-streamline-refinance.php How consumers can receive lower FHA or VA mortgage payments without paying to refinance. Lower rate for free using the FHA streamline refinancing program. Visit http://www.lowestpymt.com/fha-streamline-refinance.php American Bank - Lutherville Office specializes in the FHA Streamline refinance loans. HUD created the program to help homeowners nationwide lower their mortgage payments and take advantage of todays extremely low FHA fixed mortgage rates. Visit http://www.SmartHomeBuyingBook.com http://www.rateguardian.com http://www.lowestpymt.com/fha-streamline-refinance.php http://www.thecreditrepairsecrets.com http://www.thedebteliminationkit.com http://www.themarketinggenie.net
Views: 3494 kweparker
Mortgage Refinance Rates: Don't Make Another Payment Until You Watch This
 
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Megan Marsh with The Erie Mortgage Team in Erie, PA creatively shows you how she helped one of her costumers save over $30,000 by refinancing their mortgage that already had a low interest rate. | NMLS #134230 #130301 | Contact us today at (814) 440-8546
Cash Out Refinance for Paying Off Debt
 
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This video and its contents are not intended for residents or home owners in the states of MA, NY or WA. Cash Out Refinance for Paying Off Debt Call 866-569-8272 In this video Eric with Low VA Rates talks about how to use a VA cash out refinance loan to pay off debt. Credit card debt can add up fast, and when it does it can be overwhelming. In 2016, the average household credit card debt was $16,048. That’s not including student loan debt or even automobile debt. Eric gives some really good examples of why you should try to pay off your credit cards as soon as possible. If you are a veteran home owner you might want to consider the VA IRRRL. The VA IRRRL is fast and easy and can significantly reduce your monthly mortgage payments so that you can put more money toward paying off debt. The other option is the VA cash out refinance. With this option you can use the equity in your homes value and apply that money to paying off debt or anything else you might need it for. If you would like to discuss some of the options that were presented in this video call us now at (866) 569-8272. We are happy to answer any questions that you might have. Thank You for watching. Low VA Rates LLC. https://www.lowvarates.com/ Address: 384 S 400 W #100, Lindon, UT 84042 Phone: (866) 569-8272 Hours: Open today · 6AM–8PM NMLS #1109426. https://youtu.be/gEbJfnoD81Y Other videos you may be interested in: https://www.youtube.com/watch?v=Oone454njps&t=245s https://www.youtube.com/watch?v=j0uWfN0EXO8&t=25s https://www.youtube.com/watch?v=bter4YQ1cQQ
Views: 2936 Low VA Rates
Car Loan Interest Explained (The Easy Way)
 
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How car loan interest (APR) works! Watch "How to get a car loan": https://www.youtube.com/watch?v=C3ma_enSYm8&list=PLOmIpJDqCR-L6xTFH83iG-hGK9aDpy17r&index=5 Please subscribe: https://www.youtube.com/c/HonestFinance?sub_confirmation=1 Check out LightStream Loans if you're looking to buy or refinance a car loan. They've got great rates and they don't charge any fees or prepayment penalties. http://bit.ly/LS_AutoRefinance (I may be compensated by LightStream through this link.) I’ll go over everything you need to know on car loans and interest. I’ll cover how they work and how much interest you’ll be paying for the car loan. Watch and learn. Thanks. Don’t end up upside down in your car. Follow my advice and you’ll be better off than most of us when it comes to your interest rate and length of the loan. ----------------- - CHANNEL RELATED RESOURCES AND RECOMMENDATIONS - This channel covers a broad range of financial topics that'll give your life and finances more value. Consider subscribing to Honest Finance for more related videos: https://www.youtube.com/c/HonestFinance?sub_confirmation=1 - POPULAR PLAYLISTS - Car Buying: https://www.youtube.com/watch?v=rwOcAHTH4Os&list=PLOmIpJDqCR-L6xTFH83iG-hGK9aDpy17r Loans and Interest: https://www.youtube.com/watch?v=1CpSMo7To2U&list=PLOmIpJDqCR-Kkqklbt4pRpcL7LnLZgNfl Amazon Reviews (like Audible, Prime, Visa): https://www.youtube.com/watch?v=GetFVRzw3_U&list=PLOmIpJDqCR-Jb53gogjHvGsAn0XGXxFiE Stock Market and Investing: https://www.youtube.com/watch?v=uRBqoRfnH9w&list=PLOmIpJDqCR-J5YB7foTH-5ayM4tpRgVn8 Credit Cards: https://www.youtube.com/watch?v=KyA_RygVbYg&list=PLOmIpJDqCR-LRMsepGvSHI6nP1vi9h9wH Buying and Selling on ebay: https://www.youtube.com/watch?v=XWHcCfl_m2U&list=PLOmIpJDqCR-Ln1EkbLuksV8KINQf9uQOl - RECOMMENDED PRODUCTS/SERVICES - DISCLAIMER: This description contains affiliate links, which means if you click through the links, I can receive a small commission (at no cost to you). The average millionaire reads more than 2 book per month, so I'd suggest reading more right now. Audible is a great source for reading and they've got every book you can think of. Here's a link to get 2 free audiobooks from Audible. https://amzn.to/2O9mMUI If you're want to invest, but you don't want to do all the work, look into Betterment for automated, low-fee investing. They'll help with everything and are one of the best online advisers I'd recommend. http://bit.ly/Betterment_Investing If you want to invest in the stock market yourself, check out M1 Finance, because you can buy partial shares (which is awesome) and trades are free to make as well. http://bit.ly/HF_M1Finance If you're in need of a personal or auto loan, check out LightStream Loans. They have the best rates and don’t charge any fees or pre-payment penalties. http://bit.ly/lightsteam_loans And if you want to start a YouTube channel, here's a great course called "YouTube Ranking Academy" by Sean Cannell. http://bit.ly/YTRankingAcdmy - SOCIAL MEDIA - Facebook: https://www.facebook.com/honestfinancechannel Instagram: https://www.instagram.com/honestfinance/ Pinterest: https://www.pinterest.com/honestfinance/ Twitter: https://twitter.com/FinanceHonest ----------------- Welcome to the Honest Finance Channel! I'll give you the honest truth about a variety of financial and life improvement topics in a way that actually makes sense. I'm not a financial adviser and this is all my opinion, so take my advice for informational and entertainment purposes only. I simply want to share my financial advice with anyone who will listen. #honestfinance
Views: 79272 Honest Finance
How Do Principal Payments Work On A Home Mortgage?
 
08:03
Too many Americans stay in debt longer than necessary simply because they don’t understand the relationship between principal payments and simple interest. Figure out your mortgage options here: https://goo.gl/1up9dK SUMMARY In this video, Meagan from Bakersfield, California, calls Dave to talk about principal payments on her home mortgage. She is currently in Baby Step 2—paying off her debts using the debt snowball method. As she begins to think about her mortgage, she asks Dave, “How do principal payments work?” Dave breaks it down with a simple interest calculation. Take the interest rate of your mortgage, divide it by 12 months, and then multiply it by the outstanding balance that month. That will give you the interest charged for that specific month. The rest of your payment goes to principal. To break it down further, Dave gives a simple interest calculation example. He explains that your mortgage payment will stay the same each month, but as you pay more on the loan, you’ll begin to see more of each payment going toward principal and less going toward interest. This simple interest calculation is a basic way to understand how principal payments work and outlines a way to pay off your mortgage fast! RESOURCES Want to estimate your monthly mortgage payment? Check out our Mortgage Calculator: https://www.daveramsey.com/mortgage-calculator To learn more about the Baby Steps and how you can start knocking out your debt, visit our site: https://www.daveramsey.com/baby-steps Have other questions about mortgages? We’ve answered them here: https://www.daveramsey.com/blog/mortgage-questions THE DAVE RAMSEY SHOW The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw
Views: 110784 The Dave Ramsey Show
3 Ways to Reduce Your Monthly Mortgage Payment
 
02:06
Brandon Brotsky explains 3 ways to lower your mortgage monthly payment. He will show you how to lower and reduce your monthly mortgage payment. Share this Video: https://www.facebook.com/dialog/share?app_id=87741124305&href=https%3A%2F%2Fwww.youtube.com%2Fattribution_link%3Fa%3D7tQRLrqLBLY%26u%3D%252Fwatch%253Fv%253DjdE6rLLSUcQ%2526feature%253Dshare&display=popup&redirect_uri=https%3A%2F%2Fwww.youtube.com%2Ffacebook_redirect Related Videos: "Great News: Hud Reduces Mortgage Rates!" https://www.youtube.com/watch?v=ZC44LvRUnWE "Why Rising Interest Rates Affect Your Mortgage" https://www.youtube.com/watch?v=nXrl89ODqzU Connect With Us: Website: https://www.reachhomeloans.com/ Facebook: https://www.facebook.com/reachhomeloans/ Linkedin: https://www.linkedin.com/in/brandon-m-brotsky-7b313982 Zillow: https://www.zillow.com/lender-profile/Brandon%20M%20Brotsky/
Views: 1225 Reach Home Loans
Mortgage rates are low. Here's how to navigate your options
 
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Shopping for a home can be fun but shopping for a mortgage loan can complicate the situation. Diana Olick explains how to choose the best option for you. Invest in You: Ready. Set. Grow. is a multiplatform financial wellness and education initiative, in partnership with Acorns, focused on improving Americans’ money knowledge. For more saving, spending and investing tips visit: https://www.cnbc.com/invest-in-you/ The recent drop in mortgage rates may have you dreaming of buying a new home or refinancing your current house. You're not alone. Housing sentiment has surged thanks to those low rates, according to government-sponsored mortgage giant Fannie Mae. Its monthly survey, released Monday, shows that positive sentiment in March jumped to the highest level since June — which was just below the record high. Mortgage application volume also rose after rates saw their biggest weekly decline at the end of March. Volumes were up 28% from a year prior, according to the Mortgage Bankers Association's seasonally adjusted index. But if you are among those who may be put off by the application process, or aren't sure if it is the right move to make — you should still check things out, said Matt Weaver, loan officer and vice president of sales at Cross Country Mortgage, based in Boca Raton, Florida. "Speak to someone that is a professional in the industry and get preapproved upfront to see where you stand — whether you are looking to buy today, six months from now or a year from now," he said. The deep drop in rates came in the week ended March 28. The average rate on the 30-year fixed-rate mortgage fell to 4.06% with an average 0.5 point, according to Freddie Mac. (Like Fannie Mae, Freddie Mac is a government-sponsored mortgage company.) Rates have since fluctuated slightly. The average 30-year home loan rate is now 4.07%, according to Bankrate's latest survey of the country's largest mortgage lenders on Monday. "We did not think that we would see interest rates come back to these numbers," Weaver said. "We were pretty certain the train had left the station and wasn't coming back. "It's worth coming out and taking advantage of this." To start, it's important to know how much you can afford. For one, you'll need money for a down payment. Typically, that is about 10% to 20% of the purchase price of the home, depending on the type of mortgage. By putting down a higher amount, you may be able to lower the interest rate on your loan. However, there are also mortgages that allow lower down payments, such as 3% or 5%, and even some with no money down. Bear in mind that you'll have to take out private mortgage insurance if your down payment is less than 20% on a conventional loan. The annual cost of PMI is approximately 1% of your outstanding loan balance and is added to your monthly mortgage payment, according to Chase.
Views: 1327 CNBC Television
15 YEAR VS 30 YEAR MORTGAGE
 
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🔥The Informed Investor: http://bit.ly/TheInformedInvestor1 - I Reveal My $100,000+ Stock Portfolio and Every Trade I Make! 🔥 When comparing a 15 year vs 30 year mortgage it's important to understand all of the factors in making this decision. Whether you are able to afford a home using either of these home loans, it is important to understand the difference between a 15 year and 30 year mortgage. There are pros and cons to each. In my humble opinion, I prefer the 15 year mortgage because I'd rather have the peace of mind of not owning anybody anything. However, the other side to that coin is that if you opt for the 30 year mortgage, you will have lower payments, which will allow you to invest more money over those 30 years...if you're disciplined enough to stick with it. If you invest $676 every month (the difference in payment between a 15 and 30 year mortgage) you will amazed at the amount of money you will make in the market. Keep reading below to see a summarized outline of the video: 15 Year Mortgage Pros - Lower interest rate (typically .25% to 1% lower than a 30 year) - Faster pay off time period - Build equity faster 15 Year Mortgage Cons - Higher Monthly Payment 30 Year Mortgage Pros - Lower Payment (buy more house than you can afford) - Able to invest the extra money per month 30 Year Mortgage Cons - Slower pay off time period - Slower equity build due to slow principal pay down _____ Sign up for my FREE weekly stock picks! 😍 💌 http://bit.ly/WeeklyStockPicks _____ FOLLOW ME ON INSTAGRAM 📷 😀 @whiteboardfinance _____ Best Investing Apps 📊💸 M1 FINANCE: Invest in partial shares of your favorite stocks 📈 http://bit.ly/M1FinanceApp QAPITAL: Automate your savings without trying 📌 http://bit.ly/QapitalApp COINBASE: Get $10 in free Bitcoin (when you fund $100) ⭐ http://bit.ly/CoinBaseCrypto1 _____ Premium Courses I’ve Created 👨🏻‍🔬 MJ Stock Investing Course (With Ryan Scribner) 🌲 http://bit.ly/MJStockCourse _____ Must Read Books! 📚🧠 The Best Assets vs. Liabilities Book 📘http://amzn.to/2DEWioH How to Get Rich Slowly 📗http://amzn.to/2D41y46 The Best Mindset & Self Development Book 📗http://amzn.to/2BUMPJa The Best Story on Personal Finance 📕 https://amzn.to/2KJKgRn No time to read? Join Audible and get two free audio books! ❌📚https://amzn.to/2CUb79D _____ ABOUT ME 👇 My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur. This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience. Subscribe if you are interested in: - #PersonalFinance - #StockMarketInvesting - #RealEstateInvesting - #Entrepreneurship DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Refinance Mortgage Rates Calculator
 
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Refinance Mortgage Rates Calculator
Views: 9 Arum Pratama
Discount Points (for a Mortgage)
 
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This video explains what discount points are for a mortgage. It discusses how discount points are essentially prepaid interest that gets the lender to reduce the interest rate. A comprehensive example is provided to demonstrate how discount points are calculated, and a formula is presented to show how the break-even point can be computed in determining how long the homeowner would need to own the home before the cost paid in discount points would be recovered. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 17306 Edspira
Mortgage Loan Payment Calculator
 
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Views: 68 Amit Admin
1 best mortgage rates loan rate calculator home refinance calculation compare lowest
 
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Views: 391 ez loanrate
How To Pay Off Student Loans?
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 241950 The Dave Ramsey Show
Refinance Mortgage Rates Calculator
 
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Refinance Mortgage Rates Calculator
Views: 13 Dinata Machudin
FHA Streamline Mortgage Refinance Now Has LOWER Fees and Rates!
 
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http://www.StreamlineMortgage.org http://www.FHA-Mortgage-Refinance.org http://www.SanDiegoFHALoans.org To Get Your FREE FHA Mortgage Quote
Views: 254 Nathan Soliday
How to Pay Off Your VA Home Mortgage Loan Faster with a VA IRRRL
 
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Most Veterans today have 30 year mortgages and yet most Veterans have a pretty adverse reaction to debt and realize that debt is not something we should have if possible. In this video, we share some ways in which you can pay your home mortgage off faster and in so doing can save hundreds of thousands of dollars a year. One of the fastest ways to pay your VA loan off faster or early is to utilize the VA IRRRL and take a shorter term like a 25, 20 or 15 year mortgage. By taking a shorter term you are forcing more of your hard-earned money toward the loan balance and not into interest. In this video you will also learn about bi-weekly payments, adding additional money to your monthly payments and even how taking your lunch to work with you could save you tens of thousands of dollars. This video is not intended for residents or homeowners in the states of WA, NY or MA. Give us a call today! 844-326-3305 NMLS# 1109426
Views: 521 Low VA Rates
How to get the lowest home mortgage refinance rates by Mortgage Broker Los Angeles
 
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Are you struggling with your monthly mortgage payments? If answered yes, you must try your best to refinance your home loan as this is the best way to get back on your current monthly mortgage payments. Most mortgage loans carry high interest rates and with the unemployment rate touching a record level, an increasingly large number of homeowners are not being able to cope up with their monthly mortgage installments. Refinancing is just taking out yet another home loan with favorable interest rates and terms so that you can repay the previous loan with ease. While there are many homeowners who want to refinance their home loans, they all love to know the ways in which they can get the best refinance rates in the market. Have a look at the ways in which you may secure low rates on the refinance loan. 1.Check your credit score: As you know that the lenders will always check your credit sore before lending you with a new line of credit, you must try your best to boost your credit score in order to get the best rate in the market. As the credit score is the best way to track the financial history of a person, you must take good care about the financial habits that can drop down your score. Most financial experts often say that one must initially go for credit repair before applying for a home loan so as to grab reasonable interest rates. 2.Shop around among different lenders: Refinancing can be done from your previous lender and from any other lender too. If you want to change the lender from whom you want to take out a mortgage refinance loan, you must shop around extensively so as to make sure that you get the most competitive rate in the market. The lenders are waiting to offer you the loans of their companies and thus you need to make sure that you're choosing a loan that has the perfect interest rate that can help you save your dollars on the mortgage loan. 3.Pay points on the refinance loan: Even if your credit score is not enough for you to secure a loan with an affordable rate, you can still get the lowest refinance rates. This is possible by paying points while taking out the new refinance loan. A point is1% of the loan amount that has to be paid in cash during the closing. This can lower the rates. 4.Choose a different term: If you refinance your mortgage loan at a 15 year term mortgage loan, you can get low rates on the loan. However, a 15 year term mortgage loan will require high monthly payments but will also ensure low rates at the same time. Therefore, if you want to refinance your mortgage loans at a lower rate, you can easily follow the tips mentioned above. Get a loan at a low rate and repay the loan with ease, thereby retaining your home ownership rights. For more information please visit www.crestico.com or call us today at 310 348 7878
Views: 1272 crestico
Borrowers: Should You Pay Discount Points to Buy Down the Mortgage Interest Rate?
 
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Does it make send to pay more in costs upfront to get a lower mortage interest rate? It depends... (Bloopers at the end) Every lender offers a large matrix of rates, ranging from very low to very high. On the lower end, borrowers are charged fees - called discount rates or discount points - for those rates. On the higher end, the lender will credit money back to the borrower, usually used to pay for closing costs. But does it make sense to pay these upfront costs in return for a lower rate (and a lower monthly payment)? This video discusses in the detail the issues involved and will help you decide what's best for you. Phone: 949.413.2371 Email: [email protected] Michael Hausam is a licensed Realtor (BRE Agent #1319560) and Mortgage Loan Originator (NMLS # 1577195). He's been a resident of Orange County, CA since 1990, he funded his first mortgage loan in 1991, and he has had his real estate license for over 17 years.
Views: 211 Michael Hausam
Mortgages, Home Equity Loans, Refinance, Rates, Mortgage Calculator  and More
 
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Information about mortgages, mortgage rates, home refinancing, home equity loans and many other mortgage related topics.
Views: 239 jaytyaes
Mortgages, Home Equity Loans, Refinance, Rates, Mortgage Calculator and More
 
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http://autorefinanceloanrate.org/ 2-3% refinance loan rate
Views: 34 MrPrattLee
Refinance Mortgage Calculator: Compare Refinance Rates
 
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http://www.HomeMortgage.com HomeMortgage.com sets you up with free refinance mortgage calculator selections, so you can make informed decisions on loans! HomeMortgage.com also has a home mortgage calculator to help you determine which rates work best for you! HomeMortgage.com presents you with the best refinance mortgage calculator options to win on the housing market. Visit HomeMortgage.com!
Views: 31 apollo450bf
Lowest Mortgage Rates: The Best Refinance Rates Revealed - Proof!
 
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http://primomortgageloans.com/ visit us to apply for the lowest mortgage rates. To sum up what is in the video, Let's do the math (we used the mortgage loan caluclator on our website to get these numbers)... On a standard $350,000 mortgage loan * 30yr mortgage at 6.7% average MONTHLY PAYMENTS $2,258.47 TOTAL PAYMENTS $813,050.25 TOTAL INTEREST PAID (that's more interest than loan!) $463,050.25 Now, let's refinance that interest rate to 4.2% and see what happens... * 30yr mortgage at 4.2% MONTHLY PAYMENTS $1,711.56 TOTAL PAYMENTS $616,161.64 TOTAL INTEREST PAID (better) $266,161.64 Now, let's try switching to a 15 year mortgage... * 15yr mortgage at 4.2% MONTHLY PAYMENTS $2,624.13 TOTAL PAYMENTS $472,342.72 TOTAL INTEREST PAID (best yet!) $122,342.72 By refeinancing and reducing the interest rate by 2% or so, the numbers really show improvement. When you choose a 15 year mortgage, the payments may be a little higher but you save SO MUCH in overall interest. Visit our website to crunch your own numbers and find tips on how to get the lowest mortgage rate when refinancing (new home loans included). Share it: http://youtu.be/ZfJx7Z1GVeM