*Don't make a potentially HUGE financial mistake by buying too much house...GET MY HOME AFFORDABILITY SPREADSHEET HERE:* www.patreon.com/whiteboardfinance
A person will only go broke on a 30 year mortgage if they buy too much, buy a bad deal or DON'T invest the different in their monthly payment between the 30 year and shorter term mortgage options. And those first two can happen no matter what financing someone chooses.
Obviously all the details matter, but I'm curious if there exists any 'super basic' rule of thumb regarding the ratio of Principle to Net Income. Such as "Principle never more than 4 times Net income" etc ?
Mario, great spreadsheet! I really appreciate your classes, as many of the other finance topics shown on UA-cam tend to lead to a credit card centric discussion. Although that is great and all, if you use it wisely, I think that there is much more value in topics like these. I need some help. I downloaded your sheet, but I don’t see where I can put the percentage down payment in my sheet. I like to play with the numbers, but the version you provided only shows the sale price and automatically calculates what my 20% amount is. In this video, you put the 3.5% down payment and the numbers adjusted automatically on your sheet. How can add the highlighted box in C6 so that I too can calculate different percentages for down payments?
@@jonnybaseball98 go to the down payment amount cell and change it from .2 (20%) to .035 (3.5%). you can change it to whatever you want percentage wise.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
My CFA 'Grace Adams Cook' , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sonya lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
THANKK YOUUU SO MUCCCHH OMG my family and I have been in a dire need to move out, rent is expensive yet we don't qualify for housing, we're also looking to buy. We had applied for a mortgage loan however I told my mom at the end not to go with it cus quiet frankly she doesn't understand it, and i dont either. I told her it's not smart for either of us to do this in a rush without knowing what we're getting into. After all, a mortgage is a huge commitment. This makes me feel so much better on what to expect when buying a home and giving me a place to start on how to get there. Truly needed this, thank you sm!!!!
Why is this not taught in school?? Same with how to write checks, how to manager your finances, how taxes work, etc. This would help our younger generation be more prepared for life.
Mortgage rates are at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is the same, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
Marko, I watch your videos with my wife, and even tho English isn't her first language she says everything you say is super easy to understand! Thanks for all the good info.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Trying to turn up the heat and get rid of mine. This is a great topic. People don’t realize that rents are tied to home prices, higher demand, inflation, and ultimately mortgage payments. Higher mortgage payments, higher rents. This stuff is important.
This is a video I’m most definitely gonna share. Before watching your video, I was a little informed on how mortgages worked, but you pretty much broke everything down and I gotta say, I’m super happy you made this video Marko. Keep up the good work 😊✊🏻
So glad I found this video ❤ me and my fiance are starting to look for a home and we weren't sure how it all worked.Thank you for doing this video it will help so many people for years!
I was thinking to buy a house by paying 5% but your video is so detailed and open my mind. Thanks for making it with examples. It makes sense to me. Thanks again and you did excellent work on it and keep it up.
i'm also looking for a home to buy too, but the interest rates are too high so i'm waiting for the home prices to go down, or the interest rates to go down. i really hate how they always use the 300k home for an example (because they are really like 800k to a 1.2 million where I live), but a 1% interest increase is a substantial amount of money you pay by the end of it all.
During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
Any returns above the S&P 500 are just luck. People simply gamble their money investing and if they win they sell classes to fools. Of course there are plenty of investment scams too.
Marko - WhiteBoard Finance don’t short yourself subtle comedy mixed in plus the ender always good, best in game (Graham doesn’t have me laughing as hard) 👍
The ending was hilarious! Everybody broke! My wife and I finally have are 20 percent saved we live in SoCal which means we can but a sack for 400k or a cardboard box for 350. The Video perfectly applies to what we would want to spend. And we are strongly considering getting out of here! Thanks for all the video! I toon into them all!
@@sophondanielm7377 but since you're a realtor maybe you would know this, I've heard that it's hard to get a loan for under 100k just because banks would usually prefer selling bigger loans, right? So what do people do, do people just maybe get a loan for say 150k so it's easier to approve?
Great explanations! This was very insightful to learn as a first time buyer! Extremely informative ! You can be a teacher/professor. Thank you very much.
Thanks so much, Marko! We're in the very, very beginning stages of exploring home ownership. So helpful, + you saved me hours creating my own spreadsheet!
Great content as usual Marko. I live in Fl prices are super inflated so I’m waiting to buy. 20% down is the way to go, but I will take a 30year fixed but make extra payments monthly towards principal. Life happens so if you can’t pay extra you continue paying your 30yr fixed rate monthly payment. Any extra cash go towards principal. Still can pay off early and save 💰💰on interest. That’s my plan🤞🏽🤞🏽
This is very very great video ! We just bought a house $255,000 was the cost.... 30 year loan and I figured I will try paying it off in 15 years even tho our percent is 3.3 I believe but let me tell you: owning a house is fun, but you have to pay the price
All thanks to Alastair foreign exchange for helping me to trade my $450 into Bitcoin and I was credited with the sum of $5300 after seven working days of my trade with him now I’m debt free I can settle my bills without even touching my paycheck I’m so happy with Bitcoin life is easy 😊.
New to ur channel today!! Wonderful info for me to plan to buy a first home in near future. Thank u so much for all ur efforts I learned a lot from you. spreadsheet is amazing. Just perfect👍🏻
Excellent - I was going to do Excel spreadsheet for my daughter, first home buyer, you did so well - thank you! Also introduce the difference between Mortgage and Line of Credit (LoC) - essentially cost of capital, that comes in different colors!!!
Thank you so much for all this information my little sister is about to buy a house and I’ve been trying to tell them the way to go is 15 or 10 because you end up being off it’s a little sacrifice but get it done by your content is literally the best Contant in the entire world wide web thank you
A decent enlightening post that you have shared and appreciate your work for sharing the data. I value your endeavors and all the best. Praise your work and continue sharing your data.
You have given such an amazing advice! Applaud-able. If you are in Texas and if you are a first time home buyer mortgage, then Texas homes by Z should definitely be your pick.
Thank you very much for your clear and precise explanation for the first time home owner. Yes, I found great value in your video, only can further recommend. Your hair looks great and you are handsome 😂🙏.
*Don't make a potentially HUGE financial mistake by buying too much house...GET MY HOME AFFORDABILITY SPREADSHEET HERE:* www.patreon.com/whiteboardfinance
A person will only go broke on a 30 year mortgage if they buy too much, buy a bad deal or DON'T invest the different in their monthly payment between the 30 year and shorter term mortgage options. And those first two can happen no matter what financing someone chooses.
Thank you for posting these great videos from across the pond
Obviously all the details matter, but I'm curious if there exists any 'super basic' rule of thumb regarding the ratio of Principle to Net Income. Such as "Principle never more than 4 times Net income" etc ?
Mario, great spreadsheet! I really appreciate your classes, as many of the other finance topics shown on UA-cam tend to lead to a credit card centric discussion. Although that is great and all, if you use it wisely, I think that there is much more value in topics like these.
I need some help. I downloaded your sheet, but I don’t see where I can put the percentage down payment in my sheet. I like to play with the numbers, but the version you provided only shows the sale price and automatically calculates what my 20% amount is. In this video, you put the 3.5% down payment and the numbers adjusted automatically on your sheet. How can add the highlighted box in C6 so that I too can calculate different percentages for down payments?
@@jonnybaseball98 go to the down payment amount cell and change it from .2 (20%) to .035 (3.5%). you can change it to whatever you want percentage wise.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA 'Grace Adams Cook' , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
In the early 1990s, when I bought my first home in Miami, first mortgages often came with rates of 8 to 9% and 9% to 10%, which was quite common. It's important to consider that we may never return to 3% rates. If sellers are compelled to sell, home prices may need to decrease, leading to lower valuations. I believe many others share this line of thinking.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sonya lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
I just got done building a house in Mexico for 50 grand 5 rooms 3 bath rooms two living rooms. Retirement home all set.
Nice! Where at in Mexico?
Ryan Brunson mazatlan where all Americans and Canadians live
That's all great till the cartel shows up Haha jk idk maybe it's not that bad mazatlan is beautiful though
You about to get deported 😂
@@FRAMEDSKATEKREW69 why would he get deported?
THANKK YOUUU SO MUCCCHH OMG my family and I have been in a dire need to move out, rent is expensive yet we don't qualify for housing, we're also looking to buy. We had applied for a mortgage loan however I told my mom at the end not to go with it cus quiet frankly she doesn't understand it, and i dont either. I told her it's not smart for either of us to do this in a rush without knowing what we're getting into. After all, a mortgage is a huge commitment. This makes me feel so much better on what to expect when buying a home and giving me a place to start on how to get there. Truly needed this, thank you sm!!!!
Why is this not taught in school?? Same with how to write checks, how to manager your finances, how taxes work, etc. This would help our younger generation be more prepared for life.
thats how to rich stay rich. SSSHHHHH. haha
The Rich want the poor to stay poor.
Most of that used to be taught in school.
Because the want u to rent
Mitochondria is the PowerHouse of the cell
Mortgage rates are at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
The stock market is the same, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
Research Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
On her page, she appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Marko, I watch your videos with my wife, and even tho English isn't her first language she says everything you say is super easy to understand! Thanks for all the good info.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Marco is my Financial Advisor... and he didn’t even know it 😩🙃
didn't know what?
Daddy chill
Hopefully UA-cam pushes this to #1 trending.
Lol please share!
I have never felt very educated/informed by a YT video until today, very concise!
Dude! This is awesome explanation!!! I was hurting my head to understand USA taxes, insurance, credit score/history and mortgage!!!
Trying to turn up the heat and get rid of mine.
This is a great topic. People don’t realize that rents are tied to home prices, higher demand, inflation, and ultimately mortgage payments. Higher mortgage payments, higher rents. This stuff is important.
This is a video I’m most definitely gonna share. Before watching your video, I was a little informed on how mortgages worked, but you pretty much broke everything down and I gotta say, I’m super happy you made this video Marko. Keep up the good work 😊✊🏻
I learned that interest isn't paid last. Thanks for the good point
As a Nigerian, this made me understand the mortgage concept better than what I've known all my life.. Thanks man
like how neat and organized description links are
I don’t know anything about mortgages but, you explained it so well , so easy to understand, thank you so much.
man this dude explain everything so smooooth!
So glad I found this video ❤ me and my fiance are starting to look for a home and we weren't sure how it all worked.Thank you for doing this video it will help so many people for years!
I was thinking to buy a house by paying 5% but your video is so detailed and open my mind. Thanks for making it with examples. It makes sense to me. Thanks again and you did excellent work on it and keep it up.
i'm also looking for a home to buy too, but the interest rates are too high so i'm waiting for the home prices to go down, or the interest rates to go down. i really hate how they always use the 300k home for an example (because they are really like 800k to a 1.2 million where I live), but a 1% interest increase is a substantial amount of money you pay by the end of it all.
For the first, I get it.. Best video that broke all the myth surrounding mortgage down piece by piece in a user friendly form. Thank you.
Love the video Marko!! Explained it beautifully
💪💪💪
Thanks for sharing Marko! Making us a little smarter to become better humans and smarter buyers.
Happy to help!
"If your in California..." - story of my life lol 😭
Move to Las Vegas or Florida
Beast from the East Vegas Florida is fkn gross haha
Mike Arredondo lol and California isnt. You got shit load of homeless people there and let’s not forget skidrow the land of STD’s
@@beastfromtheeast9318 @Beast from the East Why? And bring their bullshit politics to another State? Let them suffer...
I'm a real estate agent in Florida, I'm happy to help you move out of CA!
During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
Any returns above the S&P 500 are just luck. People simply gamble their money investing and if they win they sell classes to fools. Of course there are plenty of investment scams too.
Thanks so much for uploading this! Me and my fiancé just started browsing for homes and we’re so clueless! Definitely needed this
Kevin discusses mortgages in his paid course but not even as simplified/meaty and no spread sheet calculator. Thanks huge value for UA-cam video.
My UA-cam videos aren't the most entertaining, but they are packed with value. ;)
Marko - WhiteBoard Finance don’t short yourself subtle comedy mixed in plus the ender always good, best in game (Graham doesn’t have me laughing as hard) 👍
Interested in seeing how the real estate market looks as this unemployment and forbearances weigh on the economy 🤔
The interest rate will try to prop up the housing bubble.
Thank you! Marco for the service you are doing in this lifetime 👏👏
Love that affordability spreadsheet. Great video man!
The ending was hilarious! Everybody broke! My wife and I finally have are 20 percent saved we live in SoCal which means we can but a sack for 400k or a cardboard box for 350. The Video perfectly applies to what we would want to spend. And we are strongly considering getting out of here! Thanks for all the video! I toon into them all!
Sophon I’m in riverside county. Yeah I was talking to a friend of mine in la also looking to buy and 600k is average
@@sophondanielm7377 I don't know, looks like the housing market is still going steadily up.
@@sophondanielm7377 but since you're a realtor maybe you would know this, I've heard that it's hard to get a loan for under 100k just because banks would usually prefer selling bigger loans, right? So what do people do, do people just maybe get a loan for say 150k so it's easier to approve?
This video made so much sense, and I don't even live in the U.S. But generally just helped me understand what goes into a mortgage.
Great explanations!
This was very insightful to learn as a first time buyer!
Extremely informative ! You can be a teacher/professor. Thank you very much.
Glad you enjoyed it!
Really needed this man. Your work is truly appreciated!
Marko is the goat, so much great valuable information.
I have a little to no knowledge about mortgages! After watching this video. I feel a lot confident after watching this video. Thanks for your info ℹ️
Glad it was helpful!
Thanks so much, Marko! We're in the very, very beginning stages of exploring home ownership. So helpful, + you saved me hours creating my own spreadsheet!
Thank you for this info. I'm trying to buy my 1st home.
Great content as usual Marko. I live in Fl prices are super inflated so I’m waiting to buy. 20% down is the way to go, but I will take a 30year fixed but make extra payments monthly towards principal. Life happens so if you can’t pay extra you continue paying your 30yr fixed rate monthly payment. Any extra cash go towards principal. Still can pay off early and save 💰💰on interest. That’s my plan🤞🏽🤞🏽
Same plan. Not all of us are born with a silver spoon in our mouths.
Excellent video! One that breaks down the complexities of mortgages for those just starting out or just wanting to learn more. Thank you so much!
thank you so much. This was an actual class and something I should've known at 38 years old
Just started considering buying houses for the profit for first time and this vid taught me about mortgage so clear I gained confidence.
Great vid
WOW! That insightfulness was relieving. Thanks for the wisdom.
This is very very great video ! We just bought a house $255,000 was the cost.... 30 year loan and I figured I will try paying it off in 15 years even tho our percent is 3.3 I believe but let me tell you: owning a house is fun, but you have to pay the price
Why? What do you mean you have to pay the price?
@@Lannie74 pay the price of maintenance and everything
Thank you so much for this video it really simplifies things, First time home owner and this will really affect when we go take out a loan 👍
I love your tone and relaxed pace. Great video! Thank you for the information Marko.
All thanks to Alastair foreign exchange for helping me to trade my $450 into Bitcoin and I was credited with the sum of $5300 after seven working days of my trade with him now I’m debt free I can settle my bills without even touching my paycheck I’m so happy with Bitcoin life is easy 😊.
Well explained, my buyer would be happier if everyone do simple explanations.
Great video. This was the first time watching your video and already subscribed to your UA-cam channel
*VERY WELL EXPLAINED! Thank you for educating people about mortgages it is so important 🙏🏻🙏🏻👍🏻👍🏻*
Appreciate your videos man. Really wish I was more disciplined 5 years ago. Never too late I guess 🤷🏾♂️
I am looking to buy my first home and this video was very helpful. Thank you!!!
Thank you, Dude. You have made it so simple
👍 Great content, keep the videos coming!
New to ur channel today!! Wonderful info for me to plan to buy a first home in near future. Thank u so much for all ur efforts
I learned a lot from you. spreadsheet is amazing. Just perfect👍🏻
Thank you for this im about to be in the market for a new home this helped alot!!
This is helping me study the mortgage practices and concepts to pass my exam! Ty!
Thanks so much. So many mortgage lenders gave me their explanation of all this, but your video really made it all make sense to me!
Thank you for the knowledge Marko, it’s always greatly appreciated!! 🙏🏽🙏🏽
So I just finished the whole video. Holy shit, good job Marko.
This was the best, most informative UA-cam video I have ever watched! Great job!
This was the best video about ever, yes you’ve created so much value. I appreciate you!
This explanation Helped me a lot. Thank you very Much!.
I never understand why we never get taught things like this at school. Most of us go into the real world clueless
It's done that way on purpose so you are forced to either pay for the service to be done by someone else, or pay to learn.
Marko, I noticed you did not mention debt-to-income ratios as a prequalification for loan approval. Thanks for your videos they are very educational.
First mortgage video I've seen as I am sticking my foot into the buying a home door and woww this was helpful, God bless Marko!!
That part at the end was necessary bro…helping people to wake up
Another very informative video! Thanks Marko for sharing this very important stuff, please keep it up!
Thank you!
Excellent -
I was going to do Excel spreadsheet for my daughter, first home buyer, you did so well - thank you! Also introduce the difference between Mortgage and Line of Credit (LoC) - essentially cost of capital, that comes in different colors!!!
Thanks Marco. This was very helpful. Looking to purchase my first home.
Seriously this was really great! Thank you so much for sharing. Very valuable information.
Outstanding video!
Thank you for this informative video 😊
Glad it was helpful!
Thank you so much for all this information my little sister is about to buy a house and I’ve been trying to tell them the way to go is 15 or 10 because you end up being off it’s a little sacrifice but get it done by your content is literally the best Contant in the entire world wide web thank you
Wow, 🔥 such great points throughout!! I’m definitely going to keep this in mind💯
Great video on this topic!
Thank you! My all in housing expenses is 29%. And it’s a 15 year.
This was awesome! Thanks so much for running through this. Extremely helpful.
Incredibly helpful video!
A decent enlightening post that you have shared and appreciate your work for sharing the data. I value your endeavors and all the best. Praise your work and continue sharing your data.
Thank you! Subscribed!
Marko you’re a guru bro
As always great information Marco! Thank you!
Thanks! This was helpful and easy to understand.
Thanks for adding the link into the spreadsheet. Super useful! ;)
“Mortgage Products!” Brilliant. Never heard anyone call it a product, but it is!
Marko, you’re a pioneer.
Great content.
As always, excellent info for the masses.
Great explanation, especially the bit about amortization .
Very clear and precise....coming from you, it's that simple to understand. Thank you... SUBSCRIBED! :)
Nicely explained! Thank you!
You have given such an amazing advice! Applaud-able. If you are in Texas and if you are a first time home buyer mortgage, then Texas homes by Z should definitely be your pick.
Can you go through the house buying process and all the roles/hands that get involved and how they are paid? Ex. Closing costs, commissions
Great video man!
Really amazing lesson, thanks.
Great video Marko, just what new prospective first time buyers need to know. Very helpful sir. Good job for educating the people.
Help line ⤴️
Thank you very much for your clear and precise explanation for the first time home owner. Yes, I found great value in your video, only can further recommend.
Your hair looks great and you are handsome 😂🙏.