Ask Dad: What the heck is a Mortgage?? Who Actually Gets Paid When You Buy a House

Today we're asking a big one: "Dad, what is a mortgage?" From what it *actually* means to "own" a home, to how the bank fits into the picture, to what happens if you stop paying (hint: it's not just losing your house — it's losing your down payment, too 😬), this is a must-watch for anyone thinking about buying property or just trying to get ahead on financial 'adulting.'📌 Topics we cover:* What a mortgage *really* is (not just a fancy word for “loan”)* How collateral works in real estate* What foreclosure actually means* How down payments + principal payments = your equity* Why even homeowners don’t technically “own” their homes yet👇 Like what you heard? Like, comment, and subscribe — and don’t forget to **keep asking Dad**. He might just surprise you.📢 Disclaimer:The information in this video is for educational and informational purposes only. It is not intended as financial, legal, or mortgage advice. Please consult with a licensed professional before making any home-buying decisions.#AskDad #MortgagesExplained #FinancialLiteracy #FirstTimeHomeBuyer #RealEstateTips #Mortgage101 #Adulting The Financial Dad™ is a podcast for young adults and aspiring entrepreneurs to teach you the things you didn't learn in school or at home—from quarterly taxes to W9s to retirement plans to insurance and saving—we’ve got you covered.Hosted by:Tim Smith, CFP®, Bridget Sicsko (PR Strategist) + Hally Smith (Actress) *This is strictly for educational purposes and does not suffice as advice.* 👉Subscribe: https://www.youtube.com/@Thefinancialdad👀Follow:https://www.instagram.com/thefinancialdad_/ Website: https://thefinancialdad.com/✍️Trusted Resources:QuickbooksNotionRiverside