Refinancing could COST you! #housingmarket #refinance #mortgage #homebuyers

preview_player
Показать описание
The TRUTH about refinancing that the bank won’t tell you! TheStockGuy breaks down what you coud be paying when you buy a new house with current mortgage rates, taxes, and refinancing in the future. Is the American Dream dead?

TheStockGuy:

Date streamed:

Welcome to one of the only places you can get roasted for your investments and still learn how to make money at the same time. I don’t do this to just make money, I’m here to try and help educate people so they can make their own financial decisions on stuff like: long term investments, day trading, should you rent vs buy, your retirement funds or whatever the hell you want to do.

Investing and trading are two different beasts. Please do your own research and due diligence before buying or selling stocks, options, forex or equities. These are my opinions only, please make financial decisions on your own. Personal Finance is important!

#investing #thestockguy #stockmarketr
Рекомендации по теме
Комментарии
Автор

$500k house will magically turn into $1 million house the next time interest rates drop to 4%. It's always cheaper to buy now than later. Unless you keep less than 5yrs and/or sell during the crash (which happens every 10-20yrs)

tomjones
Автор

- if you are renting, you should still have insurance (albeit much less because just property ins)
- you pay property taxes, real estate ins, and maint in the form of rent to your landlord
having said all of that, the amt going to interest for 7% loan, vs say a 3.5% loan is astounding!
$500/mo vs $3, 000/mo
(2 YR: $12, 000 v. $72, 000 interest with only $6, 000 to principal instead of $12, 000)

johncastleman
Автор

Proof that not everyone needs a YouTube channel. Sunken cost fallacy

codgamefreak
Автор

I’m a realtor and understand what your saying but wouldn’t it be better for the homeowner to refi for the lower rate to have a lower monthly payment? Most people will stay in their first home forever. Even though paying off the house is the goal not many ever do. Either you sell for a profit for a bigger home or tragedy happens. Just a though 😅

iamstucci
Автор

why is stocky flipping us off in the thumbnail

tatersquad
Автор

Welp, not AT ALL accurate but whatever gets you clicks, right? LOL-ish

n-da-bunka