What is a Mortgage – Easy Peasy Finance for Kids and Beginners – Podcast

Everything you need to know about mortgages: what is a mortgage, can you get more money through a mortgage than what the home is actually worth, what is a down payment, can you buy a home if you don’t have the whole 20% down payment, how is the mortgage amount decided, how long do you have to repay the mortgage for, how frequent is the mortgage payment, how much do you have to pay every month, what happens if you can not make a mortgage payment, are banks the only ones who can provide a mortgage, what are the types of interest rates on a mortgage, and more. Show notes and transcript at: http://easypeasyfinance.com/what-is-a-mortgage/