Beginners' guide to mortgages - MoneyWeek investment tutorials
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- เผยแพร่เมื่อ 6 มิ.ย. 2024
- A property mortgage is the biggest debt most of us will ever take on. So choosing the right one is vital. Tim Bennett explains the basics of mortgages and highlights the main pitfalls to avoid.
Such things they dont teach you at school, this was great!
+Kerri Simpson Agreed
+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.
+Kerri Simpson instead you get useless stuff like stupid religion and home economics
Kerri Simpson I learned this in school in like 3 different classes. At least.
Zachary Winfield private school doesn't count.
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!!!
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
I am also a financial dummy 😂😂😂😂
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!
You're a really good teacher, definitely would have listened to you at school if they taught this!
I agree this should definitely be a learning tool in school as some people struggle nowadays!
I wish school actually teach real education instead of gpa
Agreed! We need teachers who KNOW how to teach. We actually really want to learn 🙂
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.
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.
@@Kadaf1 can I ask your deposit I'm looking at doing the same thing
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.
@@IamBrendaMarie in 40 years u can buy a house and save cash for your retirement just do the maths
@@alan90810 Thank you. I bought my first house at 21 years.
Brilliantly explained, My knowledge of mortgages was non existent and you have gone some way to help me understand. Thanks
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?
Tim thanks for your time and your teaching. You are professor!!! and thanks to your team too for helping you out. Good job!!
Tim Bennett = God of simplifying finance concepts. Incredibly useful stuff!
Great teaching! Made the complexity simple so easy to understand. Also, I liked the pros and cons throughout the topic!
Tim you are the best financial professor. i am a CFA level 3 candidate and i find your videos very handy.
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!
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
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!
Wow, well explained. You can be a teacher/professor. Thank you very much.
You have a gift for straight forward talking.........thanks for the great advice :]
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.
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.
@@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?
@@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.
@@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.
This man is really cleaver honestly, his way of teaching is simple which means he knows a lot!
Thanks for these videos. They're straight forward, methodical and very helpful!
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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
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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.
Excellent explanation for beginners. Very easy to understand. Thank you!
Thanks for making this really simple and easy to understand x
Extremely helpful, thank you very much for this clarification!!
Really helpful video. Thank you for sharing.
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
Great video on mortgage loans. Thanks for posting.
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
You've been really helpful thanks
Thank you for making this tutorial, very helpful.
Fantastic video, just what I was looking for. Really helped putting things into perspective for me. Thank you!
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.
Great Video! very well explained, it reinforced my understanding as I was feeling really unsure
Amazing tutorial!! Thanks for sharing such an informative and educative video. It was very helpful
Thank you so much!! I'm 18 and hoping to buy a house soon so this was really helpful. You're awesome!
This was super helpful! Thanks man!
this guy is great , and he is very informative !!
Thank you so much for this! Truly helped
Going on holiday with your mortgage! that is madness indeed! interesting stuff - and very clear :) good video!
great info and well presented
Such a good teacher!
great stuff Mate, well explained and easy to follow
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.
Good video - well explained for a beginner!!
Thanks Tim, It was presented neat !
Thanks...this was really really helpful !
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
very good video, simple, clear, and good for a beginner
You're a wonderful teacher!
Brilliant explanation!
Great vid how do you calculate Mortage or interest payments
Great explanation. Great graphics. Great Vid :)
thank you for explaining things so well.
jesus.. much appreciated.. what a great lecturerer
So useful, thank you so much!
I feel so fucking smart now.
l know right
hahahahaha
I learn something every time I watch a mortgage video, even if it is in pounds!
Love this channel, great video
I had no idea what a mortgage was.
I watched this video.
Now I feel like a genious.
It was indeed very helpful, and it would be great if you could kindly make a part of this mortgage deal. Thanks
Never realised how difficult it was to get a mortgage and its harder now in 2016 :(
Grace Anastasia but you did it! I watch your vids. Congrats Grace ❤❤ love your house vids
Very interesting and well explained video, thank you.
Loved it your an excellent teacher
Great easy to understand advice!
superb..must say ...u r great teacher
Great advice!
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!
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.
Good shit. Thanks for the lesson!
Thank you for this lesson much needed
Best video out their for understanding mortgages for me as a teenager
Excellent video, thanks.
Excellent vid!
Great video. Thank you!
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?
Is there a second part to this video?
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.
I’m trying to build a solid portfolio myself, Starting early is one of the best ways to build wealth.
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Thank you for this information.
great info video... thanks
Great video.👍👍👍👍👍👍👍✔
Thank you very much. Clicking away with a lil education in tow
th-cam.com/video/0cuRPsYoZo4/w-d-xo.html this could help too, hope has value!
Great video. Thanks
really helpful video. thanx
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 :)
thanks a lot for this very very useful video.
Thank you! I'm currently saving for a deposit. This video helped a lot!
Thanks a lot, very informative!
great presentation, thanks fo this video
Thank you very useful!
great class!
brilliant video, thanks! :)
Great video!
Outstanding presentation. Thanks
So helpful, thank you
This is a great and informative video
Really good explanation. Thanks a lot.
Learning the basics is the best first step to buying a home
Really good stuff!