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Finance

What is a mortgage and how does it work?

This post was published 7 years ago. Please, read this page keeping in mind that this home may have sold by now. You can always check current status by calling or texting (530) 356 4500 The Address Realty DRE # 01710206

Thanks to the Khan Academy. Great information for first time homebuyers! They don’t seem to teach this stuff in schools, despite how critically important this financial knowledge can be. In our line of work these concepts seem pretty basic. But we often run into people who want to buy a home, but have no idea of the mortgage process or implications. So this is a good video explanation, and we are curating it here at the blog.

Here’s a link to the Fixed Mortgage Spreadsheet used in the video.
Thanks Khan Academy, for all your good work!

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