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Introduction to House loan Loans | Housing | Finance & Funds Marketplaces | Khan Academy





Introduction to mortgage financial loans. Made by Sal Khan.

Watch the future lesson:

Missed the preceding lesson? Watch right here:

Finance and funds marketplaces on Khan Academy: Most individuals getting a household need a mortgage to do so. This tutorial points out what a mortgage is and then in fact does some math to determine out what your payments are (the previous movie is very mathy so take into consideration it optional).

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27 comments

  1. Came here to try and understand everything about the movie "The Big Short". The terminologies on that movie is sooo overwhelming, not even knowing most of the words being said. First step, I guess.

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  2. Khan, do you have an excel sheet or a way to calculate the exact amount of interest being paid after 30 years of mortgage payments? I would like to find out how much money I will be losing in the long run with a mortgage. I already downloaded your excel sheet here, but wondered if there was a quicker way of finding out the total interest payments in 30 years rather than calculating 360 months. =) if possible…

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  3. Seems like the insurance industry and the mortgage industry need to rethink their risks.
    Miami is still building mega projects even tho the forecast of rising waters makes these projects a long term looser.
    Seems like the developers do not care because they make their money in a couple of years and then they are out.
    The buyers with long term mortgages are left holding the bag. Banks need to stop lending money for properties that will be impacted by rising waters and frequent storms.

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  4. Nice vedio

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  5. hghkj

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  6. wow. it's nice to be a bank.

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  7. Thanks !

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  8. i love this guy

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  9. This is wonderful. Thank you!

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  10. So helpful. Thank you so much!!

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  11. thank you!!!!

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  12. No wonder banks are so freaking rich…

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  13. What device was he using to write on?

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  14. This was really helpful, I'm in college and I'm pretty interested in this. Potential career field for me. Thanks again

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  15. can someone help me get a mortgage loan for a single wide mobile home. my bank jus told me they dont do single wide but double wide on a permanent foundation. bullshit i dont need a double wide which cost more

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  16. j

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  17. Very well done!

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  18. The sin debt needs to be paid.  Other spiritual traditions call it karma.  We think that we pay for our ill doings, but we are only paying the INTEREST (the fake bill).  God pays the principle and interest.    Sin literally works like a massive loan where you become a slave to accruing interest never touching principle amount.  We live in a sin based world much like we live in a debt based economy.  If you run out of debt the market would crash based on our current model.  Same goes for worldly progress, it runs on sin.  If there was no sin, then the world system crashes.  Jesus overcame that system and crashed that market of sin in the spiritual sense.  He has a new model, a new life, new wealth, and  a new freedom.

    Jesus crashed the market with his payment.  Why? The payment was to be a PERFECT  SINLESS SACRIFICE/PAYMENT. None of us could pay that bill.  Jesus had the profile and the currency, sinless divine blood.    We benefit from that payment.   That is why if you want to pay your own sin debt, you will pay forever in hell because it took an infinite God paid and infinite price.  Christ bares his wounds for all eternity.  You will be in debt bondage for eternity paying interest because sinful flesh and blood is not good enough to pay principle.  Just like you can not pay a credit card debt with another credit card, you can not pay sin debt with sin spotted sincerity.  Accept the payment of the master or pay with our own charred body in hell.  Why burn forever feeding into an endless usury?

    Galatians 5:1
    Stand fast therefore in the liberty wherewith Christ hath made us free, and be not entangled again with the yoke of bondage.

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  19. I like the video! what software or program did you use to produce this?

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  20. Title should be the buyer's. The bank just put a mortgage lien on your property.

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  21. one day Sal I'll repay you for all of that knowledge

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  22. Thank you so much Sal, you are the best.

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  23. This will be more than helpful for future, long term investments. Thanks for sharing this information! It's as if taking your time and diligently working hard will reward you greater over time.

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  24. Lol that introduction music at 0:00

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  25. Thank you Khan! THIS right here is one of real world essentials EVERY kid should be taught… I've always believed that this stuff should be required teaching in high school.

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  26. the handwriting is barely legible 

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  27. What if you pay a down payment of more than 50% on the house? Does the bank still keep the title until you pay off what you owe them?

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