Understanding Mortgages: A Simple Explanation
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Understanding Mortgages: A Simple Explanation
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What do you think? Will rates continue to drop if the FED makes another cut? #YourMortgageGuide #interestrates #mortgagelender
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#Ad Partnered with @Rocket From organizing key spaces to seasonal maintenance, staying on top of your home adds real value. Rocket Mortgage provides resources to guide homeowners through routines, upgrades, and equity planning #RocketAmbassador All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030
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Sure the 100 year mortgage isn’t a real thing (yet) but what is real is the way predatory lending works to communicate with people who don’t have financial literacy and are in need of a reduction in cost of living. Trying to make generational debt happen is wild. 😭 In this video I used 30 year mortgage loan for a $500,000 house. Interest rate: 7.10% Payment: $3,360/month If we extend to 100 years (1,200 months) at 7.10%, the monthly payment becomes: $2,960 per month 🫠 In other words: A 100-yea
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