anyone know why we cant just pay the developer of the property directly (in installments)? why go to the middleman (the bank), obtain a loan, pay the developer, then pay the bank the interest?
I think why the mortgagor bank doesn’t do the whole process rather than pass it to the investment bank is because it wants to make the mortgage under a separate entity that has its own credit rating, so the rating will be higher than the mortgagor rating itself. Am I right?
there is a mistake in your presentation, $1M at 10% means you have to pay $1.1k. If you make a credit on 10 years it means each year you have to pay 110.000$
@speculatorMan not really. What Sal is saying is that when you take out an interest only mortgage you don’t pay any of the capital back until the end of term (which in this case is 10 years) and so every year you pay back the interest on the $1m that you borrow which is $100k. This means you pay back $100k every year for the 10 years but then at the end of the term you still need to pay the amount you originally borrowed so the payment in year 10 is $1m + $100k. Hope this helps.
in the beggining sal says that you will pay $100k per year, so in 10 years it will result in $1M
shouldn’t it be $110k per year to result in $1.1M in the end of those 10 years?(110k x 10 = 1100k)
R we only capable of passing greed laws at this point. I want a mortgage that is adjustable. Adjustable to fair market value. My grandfather took out a loan 50 years ago to start a business. They gave him ten years to repay it. He repaid it in one year. The next year he bought a house free and clear. To all the BMW driving pinto owners, your getting what you bought. Insecurity. I want what I pay for.
Your example is wrong.
I like teenage-backed securities more than mortgage backed ones. Check out “Genius Trust.”
fannie mae and freddie mac are no longer listed on the nyse
fannie mae and freddie mac are no longer listed on the nyse
@yowmer WTH?! so with most of these housing loans the total sum you end up paying is like what….TWICE the principal? (100k X 10 + 1M = 2M?)
anyone know why we cant just pay the developer of the property directly (in installments)? why go to the middleman (the bank), obtain a loan, pay the developer, then pay the bank the interest?
Awesome video – you can see more of this at imageron (dot) com
I think why the mortgagor bank doesn’t do the whole process rather than pass it to the investment bank is because it wants to make the mortgage under a separate entity that has its own credit rating, so the rating will be higher than the mortgagor rating itself. Am I right?
thanks
there is a mistake in your presentation, $1M at 10% means you have to pay $1.1k. If you make a credit on 10 years it means each year you have to pay 110.000$
NetBasis and cost basis reporting on Money For Breakfast…new tax legislation in 2011 – you will all be accountable for accurate cost basis reporting
YOU ARE THE BEST !
@speculatorMan not really. What Sal is saying is that when you take out an interest only mortgage you don’t pay any of the capital back until the end of term (which in this case is 10 years) and so every year you pay back the interest on the $1m that you borrow which is $100k. This means you pay back $100k every year for the 10 years but then at the end of the term you still need to pay the amount you originally borrowed so the payment in year 10 is $1m + $100k. Hope this helps.
@speculatorMan yea thats what i thought too…can someone clarify?
I LOVE YOU!!!!!!
in the beggining sal says that you will pay $100k per year, so in 10 years it will result in $1M
shouldn’t it be $110k per year to result in $1.1M in the end of those 10 years?(110k x 10 = 1100k)
R we only capable of passing greed laws at this point. I want a mortgage that is adjustable. Adjustable to fair market value. My grandfather took out a loan 50 years ago to start a business. They gave him ten years to repay it. He repaid it in one year. The next year he bought a house free and clear. To all the BMW driving pinto owners, your getting what you bought. Insecurity. I want what I pay for.
not first
could i be secound bank for 2 minits and ream about these billions of dollarsssssss….aaaaaaaaaaaaa
wow thats great! thank you very much
Just wrote up 4 pages of notes>>>Watched these videos>>>Re-wrote the lot.
shiiiiiiiiiiiiiiiiiiiiiiiiit. thanks so much.
A milllion from ur uncle!!! I WISH!
man i like your stuff is great.
Nice!!!!
What is the Key disfavors by Having Your Mortgage
realmortgagepaid.blogspot. com
really loved this one,great thing bro