How Do Interest Rates Affect Your Mortgage and Monthly Payment? Interest Rates Explained
201,786
Published 2020-04-12
🏘️ ► ► Get An Agent Referral from Javy! www.homebuyersguild.com/
📝 ► ► My Patreon To Access My Home Buying Tools and get special privileges on the Discord: www.patreon.com/javiervidana
🌵 ► ► My Local Arizona YouTube Channel youtube.com/@ArizonaHomeGoals
🤙 Join The Community
✅ Discord ► ► discord.gg/R4quqgArbf
✅ Twitch ► ► www.twitch.tv/javiervidana
✅ Instagram ► ► www.instagram.com/thejaviervidana
📞 Contact Me
✅ Email ► ► [email protected]
✅ Phone ► ► 623-707-9836
❗ Disclaimer ► ► app.termly.io/document/disclaimer/02b5a8e7-3567-48…
All Comments (21)
-
Never realized 1% interest rate would make such a huge difference. What an eye opener video. Thank you for making this
-
Great advices, totally agree with you. I'm doing both, setting aside to invest and put some money toward mortgage.
-
Dude! I love your videos. I’m an Agent myself and I am a firm believer that information and being a resource is operating in integrity in this industry. Your a Rockstar man!
-
Thank you for this! I’m not even trying to purchase a house, I’m just trying to do an assignment for my homework 🤣
-
Thank you so much bud, I needed the confirmation. I ran the numbers on a home with 7.23% interest and the final pay-off amount was INSANE, I had to double check with a pro to make sure I did my math right. I can't believe it. I will most certainly wait until interest rates come back down before buying.
-
Amazing info and thank you so much for breaking down how to as accurately as possible calculate your interest and principal mortgage payment over the life of the loan. You answered the question directly and clearly!
-
Best video I've ever seen in explaining mortgage interest rates. Never realized you end up almost paying DOUBLE on the amount of the loan. Kinda feel silly for not knowing that. Makes me want to save and just buy a house in cash. Anyways, thanks and again great video!
-
"the corn man in my hood" lol you just earned a new subscriber.
-
I just want to say I appreciate you! You really make this complicated purchase, easy to digest
-
This is awesome! Can't thank you enough for simplifying this matter! You rock my brother!
-
Sir, thank you so much. I am going through my first mortgage and thanks to you a feel so much better. You have no idea how much I thank you.
-
My loan officer was really pushing the FHA loan with the 4.5% interest rate so I could "save" $15k but in reality I'd be spending $100k more. So glad I stuck to my gut and insisted on the conventional loan with 3.5% rate.
-
Just the first 3 minutes already taught me a lot thanks man. been looking for the answer to everything you talked about in this video really help a lot
-
My interest rate is 2.375%. I'm never going to sell this house now! Lol
-
Javier, thank you for the wonderful information and helpful graphics that popped up on the screen. The higher production value is definitely appreciated! You explained it in such an accessible way. The dream right now is to save enough money to put a sizable down payment on a home and pay as much in cash as I can... it's amazing how much you spend on interest during the life of a loan!
-
Dude u explained this so well and in depth i couldnt wrap my hear around it with any other video, you're the best thank you!
-
Greatly appreciate your time in explaining this.. had too rewind a few times to get the full breadth, but excellent work!
-
great breakdown!! Glad I switched lenders in the process of buying that took me from a 4% interest rate to a 3%
-
It’s crazy how you pay 1500 a month and 1000 goes to interest. And 500 to principle. Banks never lose.
-
Great and informative video. I appreciate you breaking it down opening my eyes for how important a lower interest is for the loan
