Mortgages

In past two days I’ve learned a lot. We have worked on the life game and setting it up and I‘ve learned about excel and how to put in formulas to calculate things and make it easier to work with.  Then we watched the movie the big short and learned about how the banking system is rigged and banker are inconsiderate evil people who only care about money and how they caused the biggest financial crisis in the 21st century.
I also did a presentation on mortgages. A mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt. So basically a big loan one would take out in order to by house. is the lump total of money you have to pay upfront that reduces the amount of money you have to borrow. Most of the time it is 20 percent of the full cost. It is possible to find ones that are as little as 3 to 5. The more money you put down, the less your monthly payment will be.