Should homeowners refinance with these lower rates? That depends on what the breakeven point is.
0:42
YouTubeThe Real Estate Advantage
Should homeowners refinance with these lower rates? That depends on what the breakeven point is.
With the current lower interest rates, many homeowners are considering refinancing their mortgage to take advantage of the potential savings. However, it's essential to determine if refinancing is the right decision for your specific situation. A crucial factor to consider is the breakeven point, which is the point at which the savings from the ...
1.1K views1 week ago
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Martin Lewis: '18 to 40? Get £1 in a LISA (even if you own a home)'
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Martin Lewis: '18 to 40? Get £1 in a LISA (even if you own a home)'
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Replying to @Ziquilla Gilmore Affordability and the ability to make a payment is different #affordability #debttoincome
1:22
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Sure the 100 year mortgage isn’t a real thing (yet) but what is real is the way predatory lending works to communicate with people who don’t have financial literacy and are in need of a reduction in cost of living. Trying to make generational debt happen is wild. 😭 In this video I used 30 year mortgage loan for a $500,000 house. Interest rate: 7.10% Payment: $3,360/month If we extend to 100 years (1,200 months) at 7.10%, the monthly payment becomes: $2,960 per month 🫠 In other words: A 100-yea
1:03
Sure the 100 year mortgage isn’t a real thing (yet) but what is real is the way predatory lending works to communicate with people who don’t have financial literacy and are in need of a reduction in cost of living. Trying to make generational debt happen is wild. 😭 In this video I used 30 year mortgage loan for a $500,000 house. Interest rate: 7.10% Payment: $3,360/month If we extend to 100 years (1,200 months) at 7.10%, the monthly payment becomes: $2,960 per month 🫠 In other words: A 100-yea
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