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Simple example of borrowing from equity to fuel consumption

Channel: Education
Uploaded: November 30, 1999 at 12:00 am
Author: khanacademy

Length: 08:36
Rating: 4.8644066
Views: 62214

Tags: accounting  finance  credit  crisis  mortgage  

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Video Comments

andrew1996128 (November 30, 1999 at 12:00 am)
U ARE AWESOME
REXAgreeement (November 30, 1999 at 12:00 am)
I think this is great.
BareTheCareBear (November 30, 1999 at 12:00 am)
Heey 25% off 1.5 million isn't 325k but 375k. An easier way to calculate the 25% is to halve it twice instead of taking 75% off. Example : 1.5M /2 > 750k /2 > 375k Having basic ways how to calculate really helps, if you mess one number up the whole balance is wrong.
adamaqmal (November 30, 1999 at 12:00 am)
nice share
CHOCHADE (November 30, 1999 at 12:00 am)
your home is not an asset if it is taking money out of your pocket.... its an asset to the bank but not you.....so the whole 1.5m should not be in the asset column but the appreciation so equity gained works in your favour to be an asset
grupotusolucion (November 30, 1999 at 12:00 am)
thanks for the video
calcularhipoteca (November 30, 1999 at 12:00 am)
very interesting
TheBlackSeo (November 30, 1999 at 12:00 am)
@gardiloo1 Credit Repair is the nation's leading, full-service credit repair company producing expedited, industry-leading results to all its clients. We use the law to permanently remove every form of negative credit reporting on behalf of our clients for the past 22 years. CALL nOW 877-261-1959
FortNikitaBullion (November 30, 1999 at 12:00 am)
Home Equity Loan (HEL) = HELL.
RunFreeAtRecordSpeed (November 30, 1999 at 12:00 am)
duh...


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