How Does a Mortgage Work in the US Part 1
A mortgage can be a massive wealth building tool in used right. Most people have no idea how they work. Long term mortgages came about in the US after the Great Depression to help borrowers survive a bad market. The 30 year loan is actually a safer loan than a 15 year loan! I go over this and much more in the video below including how much payments are and how they are calculated!