- published: 21 Sep 2012
- views: 130301
A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise funds to buy real estate; or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a "Law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. Mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan).
Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants or an investment portfolio). The lender will typically be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender's rights over the secured property take priority over the borrower's other creditors which means that if the borrower becomes bankrupt or insolvent, the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first.
A property mortgage is the biggest debt most of us will ever take on. So choosing the right one is vitally important. Tim Bennett explains the basics of mortgages and highlights the main pitfalls to avoid. Related links: - Introduction to house price surveys http://moneyweek.com/videos/introduction-to-house-price-surveys-10107/ - Why you need an Isa http://moneyweek.com/videos/why-you-need-an-isa-10616/ - How to cut your tax bill http://moneyweek.com/videos/how-to-cut-your-tax-bill/ - A beginner's guide to pensions http://moneyweek.com/videos/a-beginners-guide-to-pensions-60900/ MoneyWeek videos are designed to help you become a better investor, and to give you a better understanding of the markets. They’re aimed at both beginners and more experienced investors. In all our videos...
What is a mortgage? Mortgages exist to solve a problem. Most people want to buy their own home, but a house costs hundreds of thousands of dollars, and you likely don’t have that kind of cash lying around in the crevices of your sofa. You’d have to work and save for decades to get that much money, and in the meantime you could easily end up paying out more in rent than the cost of the house you wanted to buy. So to enable people to buy a house before they are too old to remember why they wanted it in the first place, we have the mortgage system. A mortgage is just a type of loan, pure and simple. If the house you want to buy costs $100,000, then you could pay $10,000 from your savings (that’s called the downpayment), and borrow the remaining $90,000 from the bank. So if it’s that simple...
Explains mortgages. This will help you understand what you are doing when you are paying a mortgage. More free lessons at: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/mortgages-tutorial/v/introduction-to-mortgage-loans
http://www.TeachMsOffice.com This video tutorial will show you how to make a fixed rate loan or mortgage calculator in excel. It is actually quite easy to do and after watching this step-by-step example and walk-through, you will be able to make your own also. This tutorial uses the PMT() function to calculate the required payments and it is also explained in the tutorial. To follow along with the spreadsheet seen in the tutorial or to get some free excel macros or tips & tricks, go to the website: http://www.TeachMsOffice.com
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Guaranty Trust Company has been clearing away the fuzz for home buyers since 1986. Watch this illustrated video for 8 Easy Steps to walk away with a better understanding of the mortgage process! Visit www.guarantytrust.com/apply to get pre-approved for your home loan! More about Guaranty Trust Mortgage: Since 1986, we have been a market leader in residential mortgage lending. From financing your dream home to refinancing your existing home, we have you covered. Ranked a Top 100 Mortgage Company in America for the last 2 years, Guaranty Trust Mortgage, serving Tennessee, makes customer satisfaction a priority. The Better Business Bureau gives Guaranty Trust its highest rating of A+!
http://real-101.com Watch more episodes http://www.jeffgregory.ca Financial Planning With Jeff There are many things homeowners can do to pay off their mortgage early. This is why it pays to have top financial planners in your corner. It's their jobs to dissect your financial situation, and help you achieve your goals more quickly. Everyone is looking for ways to pay off the mortgage on their homes but completely avoid small things that make a huge difference. Watch this episode where top financial planner Jeff Gregory of Desjardins Financial explains how to pay off your mortgage faster, and ways you can also save for retirement. To get in contact with Jeff Gregory, visit his website, or give him a call: http://www.jeffgregory.ca TEL: 905.366.4402 Visit Our Website To Download Your Free...
What is a mortgage, and which lending provisions are right for you? Learn about down payments, the difference between a mortgage term and amortization, types of mortgage rates, and the benefits of a mortgage broker.
Man attempts to pay mortgage with Cash, Bank of America refuses!
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Here is the fifth item from my "Albany Insider" column that was cut for space: #GoldmanSachs #CandidateElainePhillips #MortgageCrisis #StateSenate #SubPrimeMortgageCrisis #RepublicanStateSenate #OpponentAdamHaber #LongIsland #SubprimeMortgageCrisis #MortgageBackedSecuritiesSales If you don't like my channel, please skip my channel. Thanks very much! Some video random from our channel may you like: ►SEE IT: Woman comes to clean up shell casings after two suspects shoot man multiple times in Brooklyn : https://youtu.be/bcj-IsKzQVg ►Teen shot outside Pittsburgh high school, student at other school arrested after 'hit list' found : https://youtu.be/hpCAv9qEr3I ►Why the ‘Mary Poppins’ sequel will be good, no matter what Dick Van Dyke says : https://youtu.be/N5pP9lQI_Fw ►New York State Mus...
It is one of the most crucial tasks to choose the right Mortgage Brokers In Edmonton or your nearby area for your all lending requirements. There are a number of mortgage choices, available in the market and one can easily get confused with so many options. In Edmonton, all you need to contact the right and trusted Edmonton mortgage brokers to know more about their services and prices. For additional information contact Life Links Financial at http://www.financewithlifelinks.ca or make a call at (780) 441-1803
Getting approved for a mortgage loan can be a herculean task for a first time home buyer and some mistakes might entail his application form being rejected. Some of the top reasons are having a bad credit history, not having proper documentation, appraisal issues with the property, aiming for low down payment, unsatisfactory income, etc. To overcome these problems, it is advisable for the buyer to seek professional help from a suitable mortgage agency. https://goo.gl/KVLU3X
5/5/2014 Presenter Kevin P. Nguyen (EXAM BELOW) MODULE I: 2 OF 6: Analyzing Credit, Income, and Assets (C.I.A) https://www.surveymonkey.com/s/CVBZV78 MODULE I: Analyzing Credit, Income and Assets C.I.A.: Things to look for in Credit Reports, Income Documentations and Bank Statements C.I.A.: Things to look for in Credit Reports, Income Documentations and Bank Statements (assets) Statements, P.E.N.C.I.L., 3-7-3 Rule, AVM, Property Profile, Owner Search and Laon Lookup Mandatory for: All MLOS (mortgage loan originator); Mentorship requiredif NOT completed (Must pass with 75% or better; 5-10 open-ended question quiz)
On June 28th 2015, Michael of Bernicia gave an incendiary presentation at the Dignity Alliance venue in Ashton-in-Makerfield, which he dubbed The Great British Mortgage Swindle, the title of the coruscating documentary feature film that Michael has spent the last six years co-producing with Michael of Deira. The film is set for its much anticipated release across all media and territories later this summer. During the course of the compelling presentation, Michael deftly describes, dissects and disembowels the nature of The Great British Mortgage Swindle and the seemingly futile quest for justice in her majesty’s courts, which he vehemently condemns as nothing more than a rigged game in favour of the Banksters and their minions, by which the crown house of Rothschild is sweeping up all th...
In the first part of this two part series I will show you the tools you need and how to use them so that you have access to the same information that bank has, giving you leg up in the mortgage game. In part two I will show you how to put all that info to use to actually pay down your mortgage in one third the time without having to pay any extra. What did you think of the video? Leave a comment and let me know what you like or what I got wrong. Do you have any advice for how I could make my videos better? If you liked this video please remember to hit that like button. If you want to see more videos from me, please subscribe. Check out my blog. Billiot-english.blogspot.jp
This video will show you a better way to pay your home off using a simple home equity line of credit (HELOC). The first hurdle is getting the right product and the second phase is implementing the right strategy. I can show you how to get the proper HELOC for your situation and the proper strategy for paying it off in literally 5-7 years.
http://www.fraudstoppers.org/ Fraud Stoppers is dedicated to providing up-to-date information and research materials to Homeowners negatively affected by Mortgage and Foreclosure Fraud to help them structure a cost efficient and successful course of action in order to gain the legal remedy they deserve. Register for a free mortgage fraud analysis and get the facts you need to save your piece of the American dream. Attorneys routinely charge thousands of dollars to review documents to determine if someone has a case or not. Why pay a lawyer when you can get the facts you need for free? Get started right now at http://www.fraudstoppers.org/help Or call us anytime 24/7/365 Call us now: 773-877-3655
2/19/2014 Presented by Kevin P. Nguyen Elite Mortgage Training Session 1 (2014) (EXAM BELOW) MODULE I: 1 OF 6: Mortgage Consultation in 10 – 15 minutes or Less https://www.surveymonkey.com/s/2ZB9P5Z
My Mortgage Bankers Speech from Nov 13th 2006 is now in one video clip. I gave this presentation at the the Western Regional Mortgage Bankers Conference in Las Vegas. There were over 2,000 mortgage bankers in attendance. I also made similar comments when I addressed this conference a year earlier in 2005 at the height of the real estate bubble. For those people who said no one saw it coming, this presentation is a real eye opener. Let's see if we can get this clip to go viral. Thanks to a YouTuber called "csabasand" here is a full transcript: http://www.csaba.se/2009/09/26/peter-schiff-mortgage-bankers-speech-2006-complete-transcript/ also check me out on http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff
Bar preparation video on Mortgages and Deeds of Trust (Real Property Law).
Whistleblowers Richard Bowen and Michael Winston, along with UMKC's Bill Black, discuss the rampant fraud at Countrywide and Citigroup and how today's high foreclosure rates in states like Nevada could be a sign of what's to come
Financial Theory (ECON 251) Professor Geanakoplos explains how, as a mathematical economist, he became interested in the practical world of mortgage securities, and how he became the Head of Fixed Income Securities at Kidder Peabody, and then one of six founding partners of Ellington Capital Management. During that time Kidder Peabody became the biggest issuer of collateralized mortgage obligations, and Ellington became the biggest mortgage hedge fund. He describes securitization and trenching of mortgage pools, the role of investment banks and hedge funds, and the evolution of the prime and subprime mortgage markets. He also discusses agent based models of prepayments in the mortgage market. 00:00 - Chapter 1. Fannie Mae, Freddie Mac, and the Mortgage Securities Market 17:01 - Cha...