This doesn't makes sense. Doesn't this increase the likelihood people will default on their loan if they're paying interest at the start of the loan? Wouldn't the bank make more money if they charged the same amount of interest instead of a sliding scale of interest?
Interest is the only incentive that banks have to loan out money. If they're not making money on it, they won't loan money. Sliding scales can work both ways, either way, so long as you're paying interest, the bank is making their money.
@@USRealtyTraining Real estate is a ponzi scheme to rob the poor and enrich the bankers. At the end of the 30 years, you will have paid more than 3 times the original loan. What a deal.
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My teacher linked this to one of our assignments and holy canoli this is so simple and for once I actually understand anything about my math class
Wow! Glad to hear it was helpful and it's being passed around. Thanks for the comment.
Thank you for this great explanation!
Glad you enjoyed it! Thanks for watching, Ron!
Great video for teaching my finance students, thank you!
(Just watch the spelling of "principal")
I love all your videos you are an excellent teacher! You’re great at explaining things!!! I’m a realtor here in the Florida panhandle area! Btw 😌
You are so welcome! Glad my content can help people from anywhere in the country. Thanks for watching, Tareva!
Superb explanation, thank you! Very helpful especially since english isn't my preferred language.
Happy to know it helped out! Thanks for watching.
Thank you so much for explaining it very well! I learned a lot in just almost 4 minutes. Keep up the coolness and great work! More power!
Glad you liked it! You got this, Taehyung!
INCREDIBLY SIMPLE AND USEFUL .. THANK YOU SO MUCH 🌹🥀
Finally I needed this one
Glad it helped! Thanks for watching.
Awesome video! Keep up the great content!
Thanks, Raymundo. Always great to see your comment! Glad you enjoyed the video.
Love this video!!!
Glad you liked it! Thanks for watching!
awesome expalanttion
Glad you enjoyed it. Thanks for watching!
Big salute. thanks
Glad you enjoyed the video!
Thank God for you
Very kind of you to say. Glad this video could help you out!
thanks!
You bet!
Thank you.😘
You're welcome! Thanks for watching.
Difference between Amortization and Full Amortization?
Full Amortization = no more debt. It's been paid off.
five stars out of five.
Glad you enjoyed it!! Thanks for watching.
youre goated
Hahaha thanks for the compliment!
Principal*
I know. I published the video, it did well, then noticed the typo, so I didn't want to take it down. 😑
This doesn't makes sense. Doesn't this increase the likelihood people will default on their loan if they're paying interest at the start of the loan? Wouldn't the bank make more money if they charged the same amount of interest instead of a sliding scale of interest?
Interest is the only incentive that banks have to loan out money. If they're not making money on it, they won't loan money. Sliding scales can work both ways, either way, so long as you're paying interest, the bank is making their money.
@@USRealtyTraining Wow.
So great. You buy for 200000 and pay 400000
🙃
poor advice your house is not an asset
How is it not an asset?
@@USRealtyTraining assets put money in your pocket, while liabilities take money out of your pocket
@@nathand421 So, you cannot buy an asset? You can only buy liabilities?
@@USRealtyTraining Real estate is a ponzi scheme to rob the poor and enrich the bankers. At the end of the 30 years, you will have paid more than 3 times the original loan. What a deal.
Bro what are you even saying 😂😂😂
The volume kept going low to high
Good to know thanks!