It is in reality way more complicated than his teaching but it has the general ideas and concepts of market rates. Two thumbs up for Khan. Thank you.

Thank so much for such an easy-to-understand explanation!

I am flooded with so many questions over here.

Im home-schooled,and Sal,You do better for me than a tutor,text-book,Or one of them stupid DVD's that seem like they are for 6 year olds....It feels like he talking TO you and he knows what questions you have to ask,AND HE ANSWERS THEM...I never got an answer back from my textbook when I asked What does (that ?>>>?>?) Mean???? Thanks!

Keep up the good work, Sal! You're on the right path. I certainly welcome that video

@ull893

4 жыл бұрын

Thank you Universe !

you are so helpful! thank you!! :)

Thank you Khan for doing this video and all that you do.

excellent explanation--very easy to follow!

Sal.. It would be of immense help if you do some videos in micro and macro economics..

Thank you!

Is there anyway we can see some calculations?

What place does the rate have in this video besides the board?

So easy to understand. Thanks for your help

I am in quarantine with you.

This still doesn’t explain how the interest works

in mortgage loan which interest rate should we go for floating or fixed.. please advise sir

Video would be much better if the numbers used were consistent.

Thank you! It helped for my finance test

If one have to pay 2K per month in which 200 will be the principal. It is understood. But if I pay 200 extra, in that month, would that be added straight into the principal or do they cut the interest from that extra money as well?

@bza069

6 жыл бұрын

straight to the principal amigo. Ive done it before. You must inform the bank tho with the additional $200, that it is to be deducted from principal and not interest.

So the typical mortgage period in usa is 30 years? That's crazy. But what is insane is that in Sweden many ppl only pay the interest.

@Hokke88 What's normal in your country?

What is the positive to a 5/1 arm? Could the payments go down? Could this also be dependent on fico score or what if you make extra payments towards the principal? Could these still increase your monthly cost after the 5 years even though you’ve been a good borrower?

Thanks for the teaching. Can u (or anyone reading) pls explain y does the bank refer to the government 10 year treasury rates and charges higher interest than it? Is it because the banks want to make more money than the government?

How do you calculate the mortgage payment of 5 percentage fixed for 30 years or 15 years

interesting

@eduardo_castillo5623

4 жыл бұрын

XBR4Da nice

So tell me...., how much interest is paid on the first 30 years loan? Just the interest.

@pompei1968

4 жыл бұрын

The first 5 years you pay more interest than principal

Impressive pic

Keep on it

p.s. when i have posted this link on the facebook it said: Message Failed This message contains blocked content that has previously been flagged as abusive or spammy. Let us know if you think this is an error.

Spending most of the monthly payment on paying the interest and not the loan seems very predatory to me. All loans should work by borrowing a fixed sum and paying a fixed interest amount. E.g You borrow 100 000 dollars and agree to pay the bank 10 000$ as a fee for giving the loan. Then, your monthly payment would be 110 000 / 30 years.

@putinsgaytwin4272

3 жыл бұрын

Yup. Agreed. But whenever I buy a house, for the first 7 years I will try give extra every month that only attacks the principal

What if in ARM we able to pay all mortgage in 5 years term ?

$2000 is way higher that it would be.

Where can I get a house for $200k!!!

@vorutouzamaki2635

3 жыл бұрын

Texas , Arizona get into trucking you can have a job anywhere

First

So I followed through the entire 14:17 minutes, and you still have not explained what is a interest rate.

@ShawnFreshley

4 жыл бұрын

Interest - the fee charged for borrowing money. APR (Annual Percentage Rate) - a uniform measurement of the cost of a loan, including interest & financed costs of closing, expressed as a yearly percentage rate.

@nostalgia9338

4 жыл бұрын

Shawn thank you

@Evettecord

2 жыл бұрын

@@ShawnFreshley how does the loan update as extra payments are made?

Thank you @joecappa for bringing me here

In reality ...the house is never yours ...even if it's paid off ..you have city tax to pay...if you don't pay that ..city takes it away from you

dear people banks are fucking with you big time.

let's say that, let's say that, let's say that.....

Making money out of a fictitious item? Hmmmm that just seems stupid.

O

My test is in 20 minutes. Oh lawd

Let me simplify this for y’all, an interest rate is how much money is costs to borrow money. So a 7% interest rate on a 100,000 dollar loan will cost you 7,000 dollars to borrow the 100,000 dollars. In total you will pay 107,000 dollars on a 100,000 dollar loan.

@backwoodsreviews8391

4 жыл бұрын

dude what? that is not true its call APR. banks don't make money loaning 100k for 7k profit.

@putinsgaytwin4272

3 жыл бұрын

Ehhhh... no

Mortgages are a form of slavery ....Best days , rough , no CCTV , just free ,,, poor but free , now days we have iPhones , new tech , is that really better I don't know , we are all to busy paying our mortgages for life , retire at 67, finally paddy your property onto your son who has to pay 70% inheritance tax . We work so others live ,,,,, years back we all lived ,,, we all saw one anoughter more often , now it's all to fast . We are all being lubricated to get us through with plastic foods ,

@bza069

6 жыл бұрын

i believe inheritance tax is 35% and only kicks in for amounts exceeding 5 million dollars. The tax laws change but that is what it used to be a few years ago.

@vikeshrandev4016

6 жыл бұрын

😭😭😭😭😭

@Nick-yn2uz

6 жыл бұрын

Mortgages have allowed my mom, a single mother, acquire 80% of her retirement savings. So it's not all bad!

@Nicholaszhyang

5 жыл бұрын

how

First