Published 12/2022MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHzLanguage: 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 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 Bning 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 Bning 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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