Beret (Bourree) Lam
speaker
435 appearances
6 recordings
1 series
first heard Apr 2020
last heard Jan 2024
Beret (Bourree) Lam’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
And then start browsing.
Yeah.
It's a big part of the equation.
So getting your credit score up, if you're a potential home buyer, like that's the end game.
If you take out a mortgage, it's the biggest loan you will ever have in your life.
Like for most Americans, it's the biggest amount of money they will ever borrow.
And so you want a really good interest rate.
on that big loan so that you're making less payments and interest.
But if you really want to understand mortgages and interest and how you repay the bank and why there's so much interest on this amount of money, because you're borrowing a lot, that's the first thing.
A mortgage is a highly leveraged loan.
In no other situation are you allowed to give 2% interest
and then borrow 98%.
Just think about when you're allowed to do that in your life.
You're really not allowed to do that in any other circumstance other than buying a house.
And you're not allowed to buy stocks that way.
Amortization is how the banks charge interest for such a high sum.
When you look up average mortgage rates, and Freddie Mac, the federal agency, puts out average mortgage rates every Thursday.
Homebuyers have to start keeping an eye on those.
But what happens is that's an average.
And your credit score could either make you higher than that average or lower than that average.
Showing 21–40 of 435 · page 2 of 22
← Previous
Next →