Published 12/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.05 GB | Duration: 1h 37m
Plan your mortgage in advance
What you'll learn
Plan your mortgage payments in advance (fixed monthly payment or fixed principal payment)
Looking at future interest rate changes
Choosing the property that you can afford
Learn how to save money and be better prepared to deal with any financial setbacks
Learn how to make important housing and property finance decisions
Requirements
No prerequisites
Description
You may have been thinking about buying a home for quite some time now and thinking about going to get a mortgage for your home or property, but something is pulling you away from doing so. Whether it's been the unaffordability of your housing market or the uncertainty of your employment situation. In this situation you need to be well informed of what is going to happen from the day you get a mortgage until the day you pay back all your debts. You need to be aware that it's not always going to go as you think it might go, you need to have more than one scenario with real numbers telling you how your mortgage is going to go for the total loan period. This course will help you estimate what home you can afford so you can know how much money you need to set aside. The course will also help you estimate your mortgage payments from today until the ending of your loan period. We will apply different scenarios for different interest rate to see how this affects our mortgage and to see how much of interest we will be paying after 20, 25 or even 30 years. The course will look at fixed monthly payment and fixed principle payments with fixed rate or variable rate mortgages.
Overview
Section 1: Introduction
Lecture 1 What is a Mortgage
Lecture 2 Debt Service Ratio
Section 2: Fixed Monthly Payment
Lecture 3 Input Table In Excel
Lecture 4 Amortization Table
Lecture 5 Interest Paid
Lecture 6 Principal Paid
Lecture 7 Beginning and Ending Balance
Lecture 8 Total Payments
Section 3: Debt Service Ratio
Lecture 9 GDSR and TDSR
Lecture 10 Making Changes
Section 4: Equal Principal Payment
Lecture 11 Monthly Payments
Lecture 12 Beginning and Ending Balance
Lecture 13 GDSR and TDSR
Section 5: How to Pay Less Interest
Lecture 14 Double Payments
Lecture 15 Yearly Payments
Section 6: Looking at Different Scenarios
Lecture 16 Changes In Interest Rates
Lecture 17 Changes In Total Payment
Lecture 18 Changes In Monthly Payment
Section 7: Goal Seek
Lecture 19 Which Interest Rate Can I Afford
Lecture 20 Which Property Can I Afford
Lecture 21 Change My Yearly Payment
Lecture 22 Change Loan To Value Ratio
Section 8: Thank you
Lecture 23 Ready Template As a Thank You
Estimating how much real estate you can afford and plan out and estimate your mortgage payments from today until your ending period.
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