Beginners' guide to mortgages - MoneyWeek investment tutorials

[@rococosimpz4047]

Such things they dont teach you at school, this was great!

[@topnewsvideos6651]

+Kerri Simpson Agreed

[@MeneTekelUpharsin]

+Kerri Simpson I know. They should teach economics and financial accounting. Instead they teach arts, communications, social studies. Not that these other things aren't good but they should focus on things which will impact us for the rest of our lives.

[@Makalon102]

+Kerri Simpson instead you get useless stuff like stupid religion and home economics

[@zacharywinfield601]

Kerri Simpson I learned this in school in like 3 different classes. At least.

[@jamesshaw6110]

Zachary Winfield private school doesn't count.

[@SuzD0n]

I have struggled and struggled to understand financial concepts all my life and you have just made it all made sense in a concise and non-patronising way. Thank you so much!!!

[@MissLoveSong]

So helpful, really opened my eyes. Everyone keeps telling me to buy a house because renting is dead money, and a mortgage really isn't a big deal. Don't know what they're on about as it obviously is a massive deal, glad to have informative videos like this.

[@Kadaf1]

Diede Lauwen I bought my first house when I was 21. Sold my car and everything to raise the deposit, best thing I ever did.

[@CallumWZombies]

@@Kadaf1 can I ask your deposit I'm looking at doing the same thing

[@IamBrendaMarie]

Harnett. You have nothing to bargain with when you are old or needs equity. The money that your are paing in rent, the person is paying their morgage with and buying another property. When they send you home after working 40 years, you go back homw with the clothes on your back, nothing to show what you work 40 years for. Nothing to collect rent for to give you a meal. So you can pay someone's rent for 40 years and let them sell the building under you or you can pay a morgage.

[@alan90810]

@@IamBrendaMarie in 40 years u can buy a house and save cash for your retirement just do the maths

[@IamBrendaMarie]

@@alan90810 Thank you. I bought my first house at 21 years.

[@ItsOnlyAsiaV]

You're a really good teacher, definitely would have listened to you at school if they taught this!

[@chloeturner789]

I agree this should definitely be a learning tool in school as some people struggle nowadays!

[@Clouded_Mind]

I wish school actually teach real education instead of gpa

[@uniquegodly7855]

Agreed! We need teachers who KNOW how to teach. We actually really want to learn 🙂

[@JamzusMaximus]

Excellent video. Very good presentation style and language used, clear speaking, good pausing, good phrasing. I understood everything and i'm a financial dummy :P

[@raisa_cherry35]

I am also a financial dummy 😂😂😂😂

[@DylanBasu]

Didn't know that a mortgage was an asset to a bank. Proves this is a beginners guide to real estate. Thank you for the understanding. Good job!

[@vahehayrapetian-loanorigin456]

This is definitely a great help for the begginers. Topics that were never taught in school need someone who can define every detail in a thorough manner. Thank you for sharing!

[@kelvinwilliam1681]

I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off

[@kelvinwilliam1681]

@Jasmine Adams I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership.

[@kelvinwilliam1681]

@Jasmine Adams . .You can connect with her on what'saap

[@kelvinwilliam1681]

①⑦⑧①②⓪⑧⑧⑦④⑦

[@alinejuliana9479]

My first experience with her gave me the assurance that has made me to invest without fear of loosing and I got four of my friends involved with her already

[@christophercartwright5322]

Personally with $15000 i have been able to earn well $41,000 in my last three weeks of trading with her

[@reinaliejorolan5000]

You are awesome. It sounds like I am just in the room and you are talking to me. Great pacing...I love the straight forwardness of your side comments. lol. Thank you!

[@nazimscr]

Tim you are the best financial professor. i am a CFA level 3 candidate and i find your videos very handy.

[@leeedwards3485]

Brilliantly explained, My knowledge of mortgages was non existent and you have gone some way to help me understand. Thanks

[@chrisjones7419]

Excellent video Tim. As an Estate Agent, I found it to be very informative and more importantly, well structured. Thank you for taking the time to make it. Any chance of an updated version explaining the impact of MMR?

[@15kiyi]

Tim thanks for your time and your teaching. You are professor!!! and thanks to your team too for helping you out. Good job!!

[@Raymondjohn2]

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]

It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.

[@martingiavarini]

@@hermanramos7092 I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

[@hermanramos7092]

@@martingiavarini 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.

[@martingiavarini]

@@hermanramos7092 Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

[@GraceAnastasia]

Never realised how difficult it was to get a mortgage and its harder now in 2016 :(

[@BelleTress]

Grace Anastasia but you did it! I watch your vids. Congrats Grace ❤❤ love your house vids

[@toddyb1525]

You have a gift for straight forward talking.........thanks for the great advice :]

[@1955rauf]

Well so nice tutorial I love it Beautiful explanation step by step good teacher. I have learned lot of thing from you & also who had so nice helpful comments Look forward more to watch in near future Thanks to all Raj

[@Audi-ic7kt]

This man is really cleaver honestly, his way of teaching is simple which means he knows a lot!

[@danielhughes5614]

This is what I needed to hear. No hype, no Brad Pitt salesman type ......and easy to understand. The things he says should be part of what one is taught at school so as to equip youngsters to more effectively deal with the realities of life. But then again a smart population means less profit for many institutions.

[@reneedouyon6980]

Wow, well explained. You can be a teacher/professor. Thank you very much.

[@Wavy-D]

Great teaching! Made the complexity simple so easy to understand. Also, I liked the pros and cons throughout the topic!

[@islandofcrete]

Thanks for these videos. They're straight forward, methodical and very helpful!

[@MarzellCrypto]

kzbin.info/www/bejne/ZpTYg4OpjtSNpZY this could help too, hope has value!

[@DavidMiller-du9dy]

With the uncertainty of the new year, everyone should be worried about the state of the stock market right now, and might be considering the best stocks to buy that can keep your portfolio on track.

[@amberhills5296]

I’m trying to build a solid portfolio myself, Starting early is one of the best ways to build wealth.

[@noelstout3056]

@@aureliocantos8466 Absolutely, fortunately my financial advisor Dan Raziel was able to build a portfolio which helped pay off my mortgage, cleared my debt and greatly increased my annual earnings through consistent trading in stocks and crypto. Retirement came early with no regrets.

[@amberhills5296]

@@noelstout3056 I’m trying to have someone on my team who know how the market works and get its benefits. How reliable and profitable has Dan Raziel been?

[@noelstout3056]

@@amberhills5296 Dan has been handling my investment for 3 years, and my portfolio has grown rapidly. In my first 5 months I got a trade profit of $94,000 with an investment of $20,000. His analysis are sure and his stakes are at near zero risks. He manages all risks effectively and I’m confident in the future performance of my portfolio.

[@amberhills5296]

@@noelstout3056 I can work with that. I need more info on Dan Raziel’s services, you got any possible means of getting through to him?

[@cycleboy541]

Sir you are really provided quality content I really like your all video after watching your all video I am feeling yes today I learn something I don't know why you tube not pushing your you tube chenal

[@ryanphillips5341]

Very informative video for people who literally no nothing about mortgages because the school system is fucking useless when it comes to financial education, you’ve just earned a sub sir!

[@bugattisteve]

Great video. Felt sick when i found out at 4% 25 years borrowing 300k you end up paying 175k just in interest.

[@jordanroberts7931]

Do the math paying a monthly rent of $1,500 x 12 months x 25 years............ interest is just a small fee to accumulate equity and wealth. Whereas rent is dead money and getting you nowhere in life. It'll make you even more sick. At least after 25 years you'll have 300k to your name.

[@bigpimpin7358]

and chances are the home will worth more than 300k

[@jaiboo8505]

@@bigpimpin7358 to think that you don't owe money after your morgate where your not paying it over 25 years but 60 years

[@IamBrendaMarie]

@@jordanroberts7931 So true

[@emjd]

That's one expensive house at 300k 😂

[@Marketplacere]

Great explanations! This was very insightful to learn as a first time buyer! Extremely informative ! Great use of examples to show the differences, definitely helped me understand.

[@shathaabomoghdeb8043]

sir you give hight quality and simple education and important for a lot of people and for FREE wich i find it amazing , you are simply a hero

[@MeneTekelUpharsin]

Now all I need is a job to be able to get a mortgage.

[@Tiredmum]

And usually a five to ten percent deposit

[@varidian694]

Mene Tekel a job, a deposit and a good credit score

[@futurebotstrade5707]

Why are you waiting for the government before you can get a job, why don't you create something for your self to make the world change...

[@Alan-hq6ei]

A decently well paid job that’s the difficult part

[@mohinkhan6810]

Good luck man hope you get a job soon ✌

[@WINDFACTOR07]

that would depend if the loan is on a reducing basis or a flat basis. If it is reducing, the interest would be calculated on the remaining principal and if it is a flat rate, the interest would be calculated on the original principal. If your banker quotes you a very low flat rate, be aware that you will continue to pay a higher interest through out the term of the facility unlike loans on reducing rates.

[@AlonsoRules]

I understand the numbers easily, but the practical side of things isn't fun. You work from 9-5 for 48 weeks a year and must pay certain amount of money to a financial institution per month for 30 years otherwise you end up on the street. There's no fun in that. No wonder so many people are so depressed all the time.

[@assjulio79]

Anthony Kernich loser mentality

[@TheBlaze4000]

@@assjulio79 Slave mentality.

[@BarryBollox.]

You have a point but the way i see it is that you have to pay some sort of rent to live anyway. Why not invest it in to something you own rather than work 9-5 for 48 weeks a year and have nothing at all.

[@martinezjames83]

live with family as long as possible

[@chanerealty2683]

Learning the basics is the best first step to buying a home

[@ryanfarrelly3453]

Good video - well explained for a beginner!!

[@Lna445]

You've been really helpful thanks

[@acesofclubs]

I feel so fucking smart now.

[@broe2001]

l know right

[@joshuadickey5275]

hahahahaha

[@melaniearnold9379]

Excellent explanation for beginners. Very easy to understand. Thank you!

[@CommissarMitch]

I had no idea what a mortgage was. I watched this video. Now I feel like a genious.

[@YamzieMoyo]

Thank you! I'm currently saving for a deposit. This video helped a lot!

[@richluisi7500]

Great video on mortgage loans. Thanks for posting.

[@Homerz2k]

Can you explain buy to let mortgages? I know the equity and interest rate tends to be higher, but still difficult to understand. Many thanks

[@dakotawalker7117]

Buy to let?

[@mhu2850]

Dakota Walker it means buy to rent out

[@STICKY_]

Thank you so much!! I'm 18 and hoping to buy a house soon so this was really helpful. You're awesome!

[@stalwarts2404]

Brilliant explanation!

[@bouchraoukkache1251]

You just saved me from making the biggest mistake for 25 years. I'm not even going to buy anymore. I will wait and save up more money.

[@GrundysChannel]

great stuff Mate, well explained and easy to follow

[@wogierp6348]

Extremely helpful, thank you very much for this clarification!!

[@mohammedomar4414]

Is there a video posted for Mortgage Backed Securities?

[@user-xc7iq4cm8t]

Many of us are still fighting for our homes bought between 2005-2008. We weren’t told we were contracting into complex security “schemes” and/or the lender inflated the value of the home. The “NationalMortgageSettlement” didn’t give.a dime to homeowners. All the $ went to the “too big to fail” banks.

[@user-xc7iq4cm8t]

Biggest “con” ever played on homeowners. The alleged bank (“plaintiff”) NEVER appears in Court - just their “lawyer”. These homeowners don’t even get their equity and most of them were society’s most vulnerable.

[@hans7470]

Thanks for making this really simple and easy to understand x

[@jemma-joon]

Great Video! very well explained, it reinforced my understanding as I was feeling really unsure

[@BrandonNaatz]

This was super helpful! Thanks man!

[@Chris-sx4qw]

Great vid how do you calculate Mortage or interest payments

[@reardelt]

lets say for example i borrow 100,000 pounds for a house and i want to pay back using the repay method(i.e not interest only method). i am reducing the money i owe every month because i am paying a small portion of the original principle every month. But every month, is the interest rate charge on the original principal that i borrowed or on the remaining principal i owe right now.

[@byronmasters5512]

Really helpful video. Thank you for sharing.

[@bradparsonsmusic]

Such a good teacher!

[@chrisdrummer200]

this guy is great , and he is very informative !!

[@Jr-mn2ol]

Thank you very much. Clicking away with a lil education in tow

[@MarzellCrypto]

kzbin.info/www/bejne/ZpTYg4OpjtSNpZY this could help too, hope has value!

[@terrysmiley]

I learn something every time I watch a mortgage video, even if it is in pounds!

[@zoomed66]

so if I decide to get a mort gage is it possible to have the loan in cash

[@imranabdulqadir]

yes

[@zoomed66]

imran qadir so the bank will count the physical currency out in a back room and give me the loan?

[@enyoctap]

frisbyrb5 Are you talking about paying your down payment in cash? Then yes they would just take your cash and count it.

[@Logans_aviation]

no they wouldnt hahaha they wouldnt let anyone run off with that much cash, it would be done via a bank account

[@felixreali7101]

great info and well presented

[@hodaelsouda]

opened my eyes, was naive to mortgage. hope can get a house soon.

[@MarzellCrypto]

kzbin.info/www/bejne/ZpTYg4OpjtSNpZY this could help too, hope has value!

[@planetroni]

Thanks...this was really really helpful !

[@livbite]

Going on holiday with your mortgage! that is madness indeed! interesting stuff - and very clear :) good video!

[@yoyoismm]

Thank you for making this tutorial, very helpful.

[@MortgageBrokerAustralia]

Pretty good, usually the hardest part is saving the deposit but once you've got that its easy 😅

[@user-xc7iq4cm8t]

The reason our most vulnerable members of society were targeted with “predatory loans” in 2004-2008, especially. Loan-to-values were inflated so lending was available to people without the down-payment. Mortgage “brokers” sought out our most vulnerable- enticing them into buying homes. Teaser-rates (low rates for first year or two) converted into adjustable-rate mortgages after the teaser period. Brokers reassured buyers they’d have no problem refinancing BEFORE the conversion (or end of teaser rate.). This WOULD have worked, but when housing prices plummeted, these homeowners were stuck with (very) high-interest rates, unable to refinance, “underwater” as their home was now worth much LESS than what they purchased it for.

[@user-xc7iq4cm8t]

Homeowners stuck with paying exorbitant interest rates (many increasing every six months) and UNABLE to sell. These people were not “deadbeats”, not ppl buying “too much home”. Just average Americans wanting homes and stability for their families! It’s taken almost 10 years for the facts to come out (and MILLIONS of families losing their homes).

[@user-xc7iq4cm8t]

This was one of the biggest “cons” played on innocent American families - while our government turned a blind eye. (Won’t even begin to go into the complex, securities schemes behind these mortgages, except families had no idea they had been set-up to fail from the beginning. I find the saddest part of this is how many government agencies, judicial officers, elected officials KNEW the truth and had the power to hold the criminals liable.

[@Holyfrickitsmick]

Now I can finally pay back my mortgage. I have been in debt for 37 years. I've been stalling since 1982. Absolutely fucking buzzing. Thank you Carl.

[@lewisbarron7022]

Benefits Ben I’ve been in debt since 1867 BITCH!!!

[@lewisbarron7022]

Minging Mik miger

[@froodals8977]

Perfect video for what I was after. :D Me an my partner might have to deal with this very soon an videos like this are so helpful! Thankyou! xxx

[@fretshredder7]

Best financial lecturer I've seen. Saw this video a year ago when I started looking into buying my first house, it helped a lot. Currently renting and I'm halfway to saving £70k for a £170k property with a £100k mortgage which should yield a "good" interest rate.

[@brianthel2852]

See my comment do the math this is finacial stupidty

[@JamesLeeHughes]

Not smart unfortunately

[@joystanley3376]

So useful, thank you so much!

[@BAGSTARRR]

Fantastic video, just what I was looking for. Really helped putting things into perspective for me. Thank you!

[@abrahammartin9419]

very good video, simple, clear, and good for a beginner

[@martinsmusic2223]

Outstanding presentation. Thanks

[@petersteelenator]

Thanks Tim, It was presented neat !

[@Nex_gen04]

Best video out their for understanding mortgages for me as a teenager

[@brunocanseco7148]

Really good explanation. Thanks a lot.

[@travishayfield1162]

Amazing tutorial!! Thanks for sharing such an informative and educative video. It was very helpful

[@john85x]

hi tim :) thanx a lot for all your nice videos .. i found them very useful :) i am wondering if you can you do videos on buy back of shares and collective investment vehicles ( with as much details as possible)... i am a student from india and i will be very glad to learn from you ... you are a brilliant teacher :)

[@LaurenceNyein]

very helpful but still can't find the answer I am looking for. For example, if I now have deposit of 30k, my question is shall I go for 300k house with 10% deposit or shall I go for 150k house with 20% deposit if I can afford monthly payment for both and all other things are the same. Which one would work out better financially in the longer term? Thanks a lot.

[@nigel485]

My advice is don't get a mortgage at all. You'll be broke for life. No joke. Pay check to pay check is that how you wanna live?

[@g.brently4125]

You're a wonderful teacher!

[@notch156]

Great explanation. Great graphics. Great Vid :)

[@WRAWLINGSON]

Thanks a lot, very informative!

[@leila2724]

Thank you so much for this! Truly helped

[@LabonyKitchen]

Great video.👍👍👍👍👍👍👍✔

[@jamesmuircroft5217]

Is there a second part to this video?

[@berry186]

Thanks for making this video very easy to understand. Much appreciated.

[@Ohy89]

Hello, thank you to make this possible. I am a financially uneducated person with a good graduate salary that is struggling to understand all these technicalities and you are making it easier for me. What is an arrangement fee that you mentioned in 11:24?

[@k4mru7]

Love this channel, great video

[@sannzg7544]

It was indeed very helpful, and it would be great if you could kindly make a part of this mortgage deal. Thanks

[@phineasmabetoa8808]

Learned a lot re: mortgages

[@hillmivik8900]

can anyone tell me where to find a mortgage if I want to put my existing home as a deposit without paying any money upfront? And what is the term for that sort of morgage, coz I can't find it on the net?

[@MohammedHassan-jz2tz]

a bank

[@MrRambee]

jesus.. much appreciated.. what a great lecturerer

[@jasonmagik3209]

Read these scenarios if you want to understand what's really going on: 1. Wealthy person buys $300,000 home with cash. 20 years later sells the home for $600,000. Profit: $300,000 (minus home ownership expenses) 2. Middle class person who can't afford to pay $300,000 cash for a home (99.99999% of the middle class) gets a mortgage from the bank aka wealthy people. 20 years later middle class person sells the home for $600,000 but ended up paying the bank $600,000 over the course of the mortgage. Profit to middle class person: $0. (You might consider that free rent for 20 years, but that's in a perfect world. That's also a 20 year struggle to make the monthly payments and if most of your money over the course of those 20 years goes towards home payments, then by the end you are technically considered worthless despite the fact that you own a home. Regardless, you earn nothing) Profit to bank aka wealthy people: $300,000. 3. Lower class person rents a home or apartment valued at $300,000, which is owned by a wealthy person who paid cash for it, for $1000/month for 20 years. After 20 years wealthy person sells home for $600,000. Profit to lower class person: -$240,000 (that's negative $240,000 to clarify). Profit to wealthy person: $540,000. Conclusion: If you can't pay cash for a home, or anything for that matter, then you are getting screwed no matter what. Your nothing unless you own something. Having a roof over your head is one of the most important factors of life. This is why certain groups of the wealthy make it one of the most controlled, manipulated, and hard to obtain objects. This is a huge factor for how the rich get richer. By holding down everyone else by using everyone else as a means to make them richer. Do you see the cycle? Not all wealthy are to blame entirely for intentionally and directly doing this just because they're wealthy, it's how the system works. But since the system was developed by wealthy people for wealthy people, well....you get the point. Now wake up people.

[@Callum_Maguire]

Jason Magik you are one hell of a dumbass

[@jasonmagik3209]

Cal Lobster No you are

[@blockchainsociety3802]

I don't know what numbers you are working with, but this makes no sense.

[@joshuadickey5275]

If you have a fixed rate mortgage you're only paying that $300k... not the $600k that the home appreciated towards.

[@assjulio79]

Sad sack.

[@jonm7505]

Very interesting and well explained video, thank you.

[@nadimshaikh9211]

Loved it your an excellent teacher

[@MarkField-lq3jd]

going off topic here, I am 62...do you think I could have a career if I passed Cemap

[@MrAnish007]

superb..must say ...u r great teacher

[@devon896]

This really helped me thank you

[@Daemiex]

why is there a t in mortgage

[@UnsolvedTV]

thank you for explaining things so well.

[@franklinhardy1156]

The only time I took a mortgage was to start a business but I ended up investing it in the financial market, with TSLA stocks giving me over 2000% boost I paid off and now make over $25k monthly and still creating other sources of income. It takes consistency and dedication.

[@emmyoregon1983]

That’s very much applaudable and commendable, what financial commodities do you invest in?

[@hyattjoshua5676]

How so? I did try to trade but felt like a game of cards and I ended on the loosing side. It’s not that easy, just my 2 cents

[@franklinhardy1156]

s great expertise and professionalism to achieve in the market but extremely profitable so I work with a trade analyst round the clock. Eddy Bruke, that’s his name

[@franklinhardy1156]

E D D Y B R U K E . I N Fo

[@johnsonmchughes8116]

I’m an engineer and still living on rent while I’m investing, hopefully by mid next year I should have enough to get a good house and settle down.

[@archit28]

What I don’t understand is, where does the builder surface in the arrangement between a potential house owner and the bank? After all the property is first owned by the builder because he creates it and he is the original owner. So does the bank buy the property first from the builder and then loan it to the house owner? Or what????

[@manishbhandari5020]

Its a very informative video . Thank you very much. If it is possible then can you please make a video which shows that certain amoun of home loan being taken at certain rate for certain years and is paid in form of monthly payment. And it would be great of you to describe the components such as tax and insurance that a;ffects the loan payment and other factors that are considered by financial institution while giving the loan. Thank you.