FREE Book: "Break Free From Your Mortgage" - https://acceleratedbanking.com/book
Housing Market | YES! The 40 Year Mortgage is HERE! With mortgage forbearance ending in September, many homeowners need to find an exit to the forbearance. One option that mortgage brokers and banks are looking at is the 40 year mortgage. On the surface, it sounds good, lower monthly payment, an extra 10 years to pay off the mortgage. Well let us tell you, with us being experts in the field of accelerated mortgage payoff, a 40 year mortgage is a TERRIBLE idea. In this video, we break down WHY it's a TERRIBLE idea and stick around to the end of the video where we show you the first step into paying off your mortgage
0:00 Intro
1:13 Ginnie Mae backing the 40 year mortgage
1:45 What is a 40 year mortgage
4:07 The domino effect
4:47 Mortgage backed securities for wall street
6:32 It's not only wall street
7:07 New government policy for borrowers
10:49 The effects of government intervention
11:40 How mortgages work
14:31 Final thoughts
😃 Thanks for Subscribing & Liking our Video!
📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/coaching
⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software:
http://reisoftware.thekwakbrothers.com
📊 Pay Off Your Mortgage In 5-7 Years (On Average):
https://www.youtube.com/watch?v=eGVn9iq1e6c
💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME:
https://www.facebook.com/groups/bestreigroup
💳 Are you a Business Owner? Start Accepting Credit Card Payments with Lower Fees:
http://emap.easypaydirect.com/go/signup/vf8d3N
🔊 Our Podcast:
🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B
🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923
📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com
#realestateinvesting #thekwakbrothers #realestate
========================
---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
0 Comments