Difference Between PRIMARY & SECONDARY Mortgage Market in Real Estate?

[@USRealtyTraining]

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[@justinhamilton6718]

23 year old kid coming out of college getting prepared for my Real Estate Exam with no real knowledge about secondary market. Reading and having troubles grasping the concept for hours , clicked on this video and understood in 10min! Keep it it up Man! Subscribed w/o even checking the other vids out. Explained with such creativity and fun, you don’t find that often. Keep pumping content out like this!

[@USRealtyTraining]

We love this! Thanks for watching and subscribing! We're ecstatic that we were able to be an educational source for you in your real estate journey.

[@dimitrygornomelikov3146]

I agree. He did a great job. Now I gotta know how fennie maes make money!

[@Alphaomega-wc4tv]

Robert, you are amazing. You break things down so nicely you'd turn a 10 year old into an Agent! I am glad i took your course.

[@USRealtyTraining]

Ha - thanks for the kind words. I appreciate it, Andre! Since you took our class, any chance you could leave it a review? It goes a long way for helping our school grow and more people will hear about our program. Here's the link if you're interested: www.carealtytraining.com/store-page/real-estate-school-porter-ranch-san-fernando-valley?location=keller-williams-north-valley-porter-ranch-ca If not, no worries. Happy this video and the classes helped you along the way.

[@goddessgold9032]

I love the analogy.. “They were back there playing pool” 😂😂

[@USRealtyTraining]

Glad you liked it, Goddess Gold! Always happy to help out. See you on another vid!

[@bryceemigh5387]

This content is amazing. You make me laugh and I am able to grasp confusing concepts at the same time. Please keep posting.

[@USRealtyTraining]

Glad you enjoyed the video, Bryce! I love making these concepts easy to understand for people interested in real estate. If you have a moment, please support this channel. You can do very easily by liking this video, subscribing to the channel, and hitting the bell icon. Doing so tells KZbin to put our videos in front of more people and it's the best way for you to get notified when we release new content. Thanks for watching and I hope to hear from you again!

[@Marketplacere]

This content is very informative.

[@lilitisraelyan6737]

I wish everybody could explain and put concept in perspective like that...Amazing teaching skills!! this is what I call fun learning time!!

[@USRealtyTraining]

Wow! Thanks for the kind words. I'm so happy you liked the video! Are you going after a real estate license or just curious about the different mortgage markets?

[@joshgambino]

Binge watching these videos have been the best time investment ever

[@USRealtyTraining]

That's the greatest compliment to me, Josh! Thanks for watching and so glad you enjoy these videos.

[@joshgambino]

@@USRealtyTraining Thank You for providing great education

[@USRealtyTraining]

@@joshgambino you got it!

[@sv5479]

Man the delivery in this was so capturing and funny, like you're sitting down with your Italian uncle from New York who's reformed from his 70s mafia upbringing and has a sweet spot when teaching his nieces/nephews about life. first time watching this guy and you got a subscriber! 😅

[@USRealtyTraining]

Hahahahaha - I love this so much! Thanks for watching, Shannon. Glad you liked the video and welcome to the channel. Badda Bing Badda Boom!

[@lisarobinson3521]

I legit pictured this whole scene in my mind and almost visualized it like the TV show Shark Tank, where someone was walking down the hall entering to a room to ask for something!! If someone doesn't understand after watching this then I swear English is not their native language because THIS was wonderful!! You're thee BEST!!!!

[@andreacapiral4295]

wow! my exam is in 3 weeks and this is the first time i've seen your videos. I was skeptical at first but GREAT way of teaching. Made is unbelievably easy to understand in the end. THANKY OU!

[@USRealtyTraining]

Glad you liked it! We also have an online exam prep package that gets you ready for the exam. If you liked this video, I think you're gonna love it. Here's the link if you're curious: www.restateexamprep.com/ Thanks again for watching!

[@cutzbychristian]

sound effect of door opening was so good lol

[@USRealtyTraining]

lol glad you liked it.

[@priscilaelias8007]

I'm so sad I bought my RE course in another school, I wish to know about you guys before. You are teaching me more than them, they barely help me with my questions.

[@USRealtyTraining]

Darn! We would have LOVED to have had you as a student, Priscila! If you have any questions, please let me know and I'm always happy to help - even if you're enrolled somewhere else (: If you're looking to take the state exam, we have prep courses that are really helpful when it comes to studying and reviewing before the exam. If you're curious about it, let me know and I can share more.

[@priscilaelias8007]

@@USRealtyTraining Thank you so much!

[@betterthanemril988]

I want to thank you so much. I’m a dyslexic pre-licensure and have failed the real estate exam twice. The passing score for the license is a 75%. First time I got a 71 and I literally took the test yesterday and got a 74. so confused on primary and secondary market and just could not get the concept of it. The course material would basically teach me if I had already knew what it was. Now I’m confident that I’m gonna get that 75. I want to score a lot higher than 75 though.

[@USRealtyTraining]

Glad I could help clear the air on this! I'm rooting for you! Go and get it! If you need more study help, get our online exam prep package. There are a ton of practice questions, digital terminology flashcards, and an ebook study guide in the package. Highly recommend.

[@fezziwig99]

🤗😂You just made my day! I am a retired banker, 35 years in the industry, and those images of primary banker vs secondary market are so right. I still remember the guy that tried to get me to sell loans for him in the secondary market, but my instincts told me that he came from a smokey room, so I kept my position as Sr. VP of the bank. Lol

[@aydencham3472]

might just pass my real estate exam cause of you now i kept getting really consued, helped out alot thanks.

[@USRealtyTraining]

Glad I could help! Are you taking the exam in California?

[@karissasailer5638]

This is the only video out of at least 10-15 that’s been clear and to the point! I appreciate this so much ✨

[@USRealtyTraining]

Glad you liked it, Karissa! If you have a moment, please like, subscribe, and hit the bell icon. That's how we grow as a channel and continue to make great content like this video! Thanks again for watching and I hope to hear from you again.

[@taylorpuchaty6655]

New real estate agent and this video felt like a breath of fresh air 😍 I love the way you explain things

[@USRealtyTraining]

Glad it was helpful! Don't forget to like the video, subscribe to our channel, and hit that bell icon. Wishing you all the best in your new real estate career!

[@LivingLaconian]

This guy loves what he does and it shows. Great video

[@USRealtyTraining]

What can I say? I live and love real estate, man! Thanks for watching and I'm glad you enjoyed the video, Nicholas. Hope to hear from you again.

[@hunterdonnelly7422]

This guy would be an amazing finance instructor or college professor. Thanks for the great video!

[@USRealtyTraining]

Should I invest in tweed jackets with elbow patches then? Thanks for watching and the kind words, Hunter!

[@OgalinoAlvin]

Love how he explains things! Easy way to understand!

[@USRealtyTraining]

Thanks for watching, Alvin! Glad it could help.

[@hillarydandridge166]

This video made me understand what a second mortgage market is! Love it! Love the story!

[@USRealtyTraining]

Awesome! Thank you! If you have a moment, please support the channel by liking the video, subscribing to the channel, and hitting the bell icon. Hope to hear from you again!

[@theoriginalchris8448]

I loved how easy you explained it! I now have such a clear understanding of what secondary market is. Thank you so much! 🙌🏽

[@USRealtyTraining]

You're so welcome! Glad you enjoyed the video. Are you taking the real estate exam?

[@theoriginalchris8448]

@@USRealtyTraining Not yet, I’m still in the process of getting my license.

[@JohnDoe-uv5op]

Thank you for communicating the concepts so clearly.

[@USRealtyTraining]

Anytime! Thanks for watching.

[@sandeepsen4470]

Simplified beyond comprehension... this was really helpful. Hope you have similar content on other topics as well..

[@USRealtyTraining]

Definitely do. Be sure to check out our other content and enjoy! Thanks for watching, Sandeep.

[@jlina.4383]

I had trouble grasping this concept straight from the book and what an excellent explanation. Your teaching skills are phenomenal.

[@USRealtyTraining]

Glad you liked the video! Thanks for watching and best of luck.

[@rocketlab1877]

@@USRealtyTraining love the storytelling

[@coachkeithalashawn]

You are an awesome teacher understanding these market was complex when reading but your video just enlighten me about the primary and secondary market thanks a lot.

[@USRealtyTraining]

Glad we could help, KL! Thanks for watching the video and leaving a comment. Much appreciated.

[@ethangrubelich1305]

Great job at helping me visualize the primary and secondary mortgage markets as things that exist in the real world!

[@USRealtyTraining]

Glad you liked the video. Thanks for watching!

[@yoshi8pie123]

I love how you break everything down im never gonna forget this 👌🏾

[@USRealtyTraining]

I love this! Thanks for watching and I'm glad you were able to find the channel. Are you currently enrolled in the program? If not, no worries! Just happy to that this video was helpful!

[@gocpng4699]

Great Description, Clear Concise, Helpful And It's Like A Gift Analogies Help, The More Info We Know The Better.

[@USRealtyTraining]

Agreed! Thanks for watching!

[@Marketplacere]

Excellent.This is really a great explanation.Thanks for your information

[@USRealtyTraining]

So happy you enjoyed the video! Thanks for watching!

[@tierramccall6804]

Needed this video for sure , thank you!

[@USRealtyTraining]

Glad it was helpful! Thanks for watching. Be sure to share with a friend.

[@usman9723]

Great Explanation, can you please explain how these investors utilise the notes and make money out of that bundle.

[@jasonmonterroso6640]

Great explanation my friend! Smart man. Great teaching

[@USRealtyTraining]

Glad you liked it! Thanks for watching.

[@melissax1873]

Appreciate your help! Made this concept much easier!

[@Cryptoinkilo]

I love how you explain man! Lol Thank you for sharing your knowledge. Stay blessed!

[@USRealtyTraining]

I appreciate that! Thanks for watching the video and welcome to the channel!

[@evelynx6926]

Love your story telling style of teaching really helps with visualizing concepts 👍

[@USRealtyTraining]

Glad you like it, Evelyn!! f you have a moment, please give this video a like, subscribe to the channel, and hit the bell icon! That's the best way to get notified when we release a new video. It also helps our channel grow so we can continue to produce helpful videos like this one. Thanks for watching and we hope to hear from you again!

[@VinhNguyen-nj9hf]

Incredible. Thank you for the thorough explanation!

[@USRealtyTraining]

Glad you enjoyed it! Thanks for watching! If you have a moment, please support the channel by liking the video, subscribing to the channel, and hitting the bell icon. Hope to hear from you again!

[@stevienelson411]

I Love this guy. He really Dum it down for me. Great job on getting us ALL on the same page. I am looking forward to viewing you on T.V.

[@USRealtyTraining]

Think I should see if Netflix needs a new show? I appreciate the kind words, Stevie! Thanks for watching and I hope to hear from you again. Also, if you have a moment, please support this channel by liking the video, subscribing to the channel, and hitting the bell icon. Doing so tells KZbin to put our videos in front of more people who are interested in real estate.

[@ashmitaacharya7067]

Thank you for this material. It helps me alot.

[@USRealtyTraining]

I'm glad you liked it!

[@josuerosales8133]

You’re A great instructor ! Thank you

[@USRealtyTraining]

Glad it was helpful! Thank you for watching 😎👍

[@rachaelgrewell7232]

Tho was suuuuper helpful to understand! Thank you so much!

[@USRealtyTraining]

Thanks for watching, Rachael. I'm glad it was helpful and you were able to get some good info from it!

[@mariachavez1373]

I loooooveeeee you!!!! You make everything soooo easy! Thank you!!!!!

[@USRealtyTraining]

I'm so glad! Thanks for watching! So happy you enjoyed it.

[@russellgray3303]

Thanks for all the detailed information you have provided in this video. I like your way of explaining every point. Keep sharing such great videos in the future also.

[@USRealtyTraining]

Glad you liked the video, Russell. Thanks for watching!

[@julieeanderson945]

Thank you so much for this informative video. I really like the way you have explain it. Keep it up keep doing the same work.

[@USRealtyTraining]

Thanks for watching, Juliee! So glad this video helped you learn more about the mortgage market.

[@ChaseMilner1]

Happy Birthday Rico!! Another great video.

[@USRealtyTraining]

Thank you so much 😀

[@dandaman83]

great video and explanation!

[@USRealtyTraining]

Glad you liked it! Thanks for watching.

[@HenryTriggaz-yf2qi]

Wow thanks so much sir❤

[@USRealtyTraining]

Anytime! Glad you liked the video.

[@archanabhardwaj6348]

He explained it so well n funny wow !! Loved it

[@USRealtyTraining]

Glad you enjoyed it! Thanks for watching. Hope you subscribed and hit that bell icon. Are you enrolled in the program by chance? No problem if not. I'm just glad you were able to find the channel!

[@archanabhardwaj6348]

@@USRealtyTraining i subscribed and following you !! I am a fashion youtuber too !! So know it 😉 anyways keep growing ⚡️⚡️⚡️

[@oneisaca5113]

Thanks for the video, one question here: If the first mortgage banker lended $1M to borrower with fixed interest rate for 30 years, how much would they charge when they sell it to the secondary mortgage market? Would the price be negotiable?

[@MarioandYuri]

Facts I still didn’t know have you figured that out yet?

[@lucylopes2541]

Love your way to explain !! Thank you soooo much :)

[@USRealtyTraining]

Hi, Lucy! Thanks for watching! We're so happy you enjoyed the explanation! If you have a moment, please like, subscribe, and hit the bell icon! That's the best way to get notified when we release a new video. It also helps us grow as a channel and continue to produce more helpful content. Thanks again for watching and we hope to hear from you soon!

[@deanaward6301]

wow this helped me a lot, thank you!

[@USRealtyTraining]

Glad it helped! Thanks for watching, De'Ana. Hope to hear from you again on another video!

[@joshuavanderpool2531]

question is pa a good market to do real estate in? there homes are below national average for price though im in the pittsburgh area which is quiet good, just wanted to know your thoughts on it

[@USRealtyTraining]

Hey, Joshua. Thanks for asking. You should contact a real estate agent in your area to pick their brain about the market. As a California school, we have a good pulse on markets in this state. But, if the homes are below national average price, then it could be a good market for buyers looking to move to the area. No matter where you go, there's always a need for real estate agents because people are always buying and selling. Market depending, it comes down to who you represent. If you are looking for the biggest bang for your buck, then I would recommend moving to an area with high property value homes. Hope that helps! Thanks for watching!

[@chinotalks5203]

It was a big help wow thank you!

[@USRealtyTraining]

Thanks for watching! Glad this video helped you understand mortgage markets a little better. If you have a moment, please like this video, subscribe, and hit that bell icon. That's the best way to get notified when we release another video like this one!

[@rickyrichy5496]

Dude. I love this guy!!

[@USRealtyTraining]

I love you! Thanks for watching and subscribing! You rock!

[@MsBari1025]

Great analogy....

[@USRealtyTraining]

Glad you liked it. Thanks for watching Ishy!

[@mehzar6379]

How the secondary market buy a promisory note? For example How much do they give to second market for a 100,000$ loan, 30 years 3.5% interest rate?

[@Zyas333]

Love the mental visuals Rico paints in my head. I'll never forget the image of Fannie, Freddie, and Ginni all playing pool in a smoke filled room (at least until after I take the test) :P

[@USRealtyTraining]

Glad you enjoyed the video, Sayan! When do you take the exam?

[@Zyas333]

@@USRealtyTraining targeting August, after I get done with my three CA Realty Training courses.

[@jrod4God777]

lol!!! Yō Freddie, Yō Ginnie!!! I love your Channel and how you break it down! I'm taking my test on Monday and your channel really helped me to understand it so much better! Do you have one on explaining credit vs debit when it comes to closing? I hate that question! hahahah :0)

[@USRealtyTraining]

So happy you enjoyed the video! Best of luck on the real estate exam on Monday. Have you seen our practice question videos yet? If you haven't, I'd give them a watch. Also, no video on the difference between debit and credit. But, you can remember them as the debit is money that you owe while the credit is money that is coming to you. You can remember it like this: "debit" looks like "debt" You gotta repay your debt! "Credit" you are given credit for the closing so you get money. Hope this helps! YOU GOT THIS!

[@jrod4God777]

@@USRealtyTraining Thank you so much!!

[@USRealtyTraining]

@@jrod4God777 anytime!

[@victoriaaydelott6187]

I love your analogy! 😂😂Thank you!❤

[@sidharthpadhy1954]

Thnx for your information...

[@USRealtyTraining]

Glad you found this video helpful, Sidharth! If you have a moment, please support this channel by liking the video, subscribing to the channel, and hitting the bell icon. That's the best way to get notified when we release new videos - like the one you just watched. It also helps more people find these videos and our channel! Thanks for watching and I hope to hear from you again!

[@sidharthpadhy1954]

@@USRealtyTraining subscribed..also shared your video with my friends.

[@USRealtyTraining]

@@sidharthpadhy1954 You ROCK! Thanks for sharing the video!

[@louislouis19801980]

Great illustration!! Pool hall players

[@USRealtyTraining]

Glad you enjoyed it! I love it when the videos connect with viewers. If you have a moment, like the video, subscribe to the channel, and hit the bell icon. That's the best way to support this channel so we can continue to make great content like this video. Thanks for watching and I hope to hear from you again, L.L Studio!

[@louislouis19801980]

@@USRealtyTraining I already did!! Once again, thank-you for breaking this down!

[@USRealtyTraining]

@@louislouis19801980 You got it! Anytime you need help about a real estate term, let me know. You rock for being a subscriber!

[@lizr.7774]

Thank you so much!

[@USRealtyTraining]

Glad it helped! Thanks for watching.

[@Shivraj-jy5ts]

Wow!! That was amazing. ❤ from India

[@USRealtyTraining]

Thank you so much 😀 glad you liked the video.

[@bryceemigh5387]

How do both members of the primary and secondary market make money. Seems as if only one would profit?

[@louislouis19801980]

Who do you think would profit from transaction?

[@USRealtyTraining]

They're able to make money with interest rates as most loans do. If you loan out a certain amount of money and charge interest on the loan, you will get the money paid back to you and then some.

[@koryblack9267]

So how much is a bundle sold for? The lender goes to the Smokey room with a bundle of loans…how is it calculated and sold? Any video on that

[@USRealtyTraining]

Bundles are sold depending on the money borrowed and the amount of money that is paid in interest. There's not a specific markup because each is different. This is a really technical question and I don't know the answer to it, but if you're curious about it I would encourage you to look into it more and see if other channel have covered it. Best of luck and hope you find your answer!

[@jackliu4017]

how much can the lenders make when they sell those loans to the secondary market? LO 1-2%. how about those wholesale lenders?

[@Mike-ut5qz]

Great explanation, you saved me

[@USRealtyTraining]

Wow! Glad you enjoyed this video! We're always happy to help. If you have any questions or video suggestions, please let me know. We love viewer suggested content. Also, if you have moment, you can support this channel by liking the video, subscribing to the channel, and hitting the bell icon. Thanks for watching and we hope to hear from you again!

[@angelvazqueez6914]

thank you !!!

[@USRealtyTraining]

You're welcome! Thanks for watching. Glad you liked it.

[@ascendingvirtues]

So now that the secondary m.m. possesses the note, and nothing changes on the note...does the debtor still pay the primary lendor?

[@USRealtyTraining]

Hi, Layne. Great question! The debtor will make payments to the new entity. The debtor is notified in advance about the changes to their loan payments. Hope this helps and please let me know if you have any other questions!

[@ivanahartono5241]

@@USRealtyTraining It's out of my curiosity, why will the investors buy the notes? Because they will get the profit from the interest paid by the debtor?

[@USRealtyTraining]

@@ivanahartono5241 Correct. There's still value to be had from owning someone's debt because of interest.

[@jeffrobins7494]

Do the originators get paid for continuing to manage the notes?

[@russelljudo6590]

awesome story teller haha, love iy

[@russelljudo6590]

it

[@USRealtyTraining]

Glad you enjoyed! Thanks for watching!

[@gwenpenn3433]

Well said

[@USRealtyTraining]

Glad you liked it. Thanks for watching, Gwen!

[@sheikabdulkaleem6487]

Excellent, u rock

[@USRealtyTraining]

Thank you! I appreciate the kind words! Do you happen to be enrolled in our program?

[@varbie]

oh man, you should’ve been my teacher!

[@USRealtyTraining]

I love teaching this stuff! Thanks for the kind words. Don't forget to subscribe to the channel because I release new content every week. Doing so will notify you when I drop my next video!

[@valeriecarre8967]

You are amazing

[@USRealtyTraining]

Thanks for the compliment! I appreciate it very much! Also, thanks for watching the video - I'm glad it could help you out! Don't forget to like, subscribe, and hit the bell icon. That's the best way to get notified when we release new videos like this one.

[@softlanding138]

You are adorable! Thank you!

[@USRealtyTraining]

Thanks! Glad you enjoyed the video.

[@millimobilehomes609]

Hilarious. I learned so much from this video.

[@USRealtyTraining]

That's wonderful! I love this comment. Glad things clicked for you. If you're have a moment, please support this channel by liking this video, subscribing, and hitting the bell icon. Doing so tells KZbin to share this video and our channel with more viewers. It also notifies you when we release a new video, like this one! Thanks for watching and I hope to hear from you again.

[@Aaron-ii5tx]

Awesome that happens all the time and will the borrower know that their loan was sold off

[@USRealtyTraining]

Hi, Aaron! Thanks for asking. The borrower gets notified when their loan is sold to a new entity. Hope this helps and please let me know if you have any additional questions!

[@Aaron-ii5tx]

CA Realty Training yes thank you.

[@numberonemommy5]

I got this ! ☕️, 💨

[@USRealtyTraining]

Yeah, you do! Best of luck out there!

[@thezealotrusher7401]

ty

[@USRealtyTraining]

Thanks for watching!

[@gracequintana5370]

all of the sudden i think i get it!

[@USRealtyTraining]

Hi, Grace! Thanks for watching and we glad we helped make it click. If you have a moment, please like this video, subscribe to the channel, and hit the bell icon! That's the best way to get notified when we release a new video. It also helps our channel grow so we can continue to release helpful content like this video! Thanks again and we hope to hear from you again.

[@jefflaporteshow3986]

yooo Sit you are just amazing I learn by laughing

[@USRealtyTraining]

I'm glad you enjoyed it, Jeff! If you have moment, please support the channel by liking, subscribing, and hitting the bell icon. That's the best way you can help us grow so we can continue to make great content like this video. Thanks for watching and I hope to hear from you again!

[@gocpng4699]

He Needs To Write A Movie With That Imagination..I Saw The Visuals And Ginnie Mae With A Stoggie..

[@USRealtyTraining]

So glad you liked it! Thanks for the kind words. It's great to hear from you again!

[@USRealtyTraining]

I'll be sure to send you the first transcript of my feature film when I finish the first draft. 😂

[@ammarhaidari1819]

please get to the point quicker boss

[@USRealtyTraining]

You can use the "chapters" feature to jump to the section you want to learn about right away. But, if you're looking for a quick glance at the difference, the primary mortgage market is where a home buyer will borrow from a lender. The secondary mortgage market is where lenders sell the debt to investors who will buy it to make money. Hope that helps!

[@elriopropertiesllc2020]

😃😃

[@dom-i-neek2923]

WTF? This is nonsense. He did not explain/define what a Primary Market is verse a Secondary Market. He simply mention explain a loan and how lenders benefit from loans. Grrr

[@USRealtyTraining]

Hi, Dom-i-neek. I talked about how the primary mortgage market is where homebuyers will borrow from lenders and the secondary mortgage market is where lenders will sell debts to investors. Was there something you're interested in learning more about? I'm happy to help out here, if so. Just let me know!

[@MsJp35]

I'm not even through this video, and its the most entertaining one to date. Are you sure Mr. Rico doesn't dip into some 'special juice" before doing some of these vids?