Videos aligned with the “Credit and Debt” standard from the National Standards in K-12 Personal Finance Education.
Overall Competency: Develop strategies to control and manage credit and debt.
Interactive Learning Experience: 30-Year vs 50-Year Mortgage Explorer This Mortgage Explorer is an interactive tool designed to help financial beginners understand the long-term impact of different home loan options. It allows you to compare 30-year and 50-year mortgages by adjusting variables like home price, down payment, interest rate, and extra monthly payments. The app visualizes the …
There’s a lot of hype (and fear) about the rise of 50-year mortgages. Lower payments sound great, but the long-term numbers tell a very different story. Here’s breaking down when this type of loan might make sense, and when it could cost you hundreds of thousands over your lifetime.
50-year mortgages are suddenly everywhere in the news, but most people don’t understand what they actually mean for monthly payments, long-term costs, and homeownership. In this infographic, I break down the advantages, disadvantages, and the surprising math behind these ultra-long mortgages. If you’re a young professional or first-time buyer trying to make sense of today’s …
A 50-year mortgage comes with significant trade-offs, and for most buyers, it’s not the ideal path to homeownership. But there are a few specific situations where it can be a practical option. It may make sense if you cannot qualify for a 30-year mortgage but have stable income, if you plan to pay extra toward …
Lower monthly payments can look appealing, especially in today’s housing market. But when you compare a 30-year mortgage to a 50-year mortgage, the difference in long-term cost is staggering. On a $320,000 loan, a 30-year mortgage at 6.25 percent costs about $390,000 in interest. Stretch that to 50 years, and the interest balloons to roughly …
As housing affordability continues to decline, alternative mortgage options are getting more attention: including the controversial 50-year mortgage. Many see it as a path to lower payments, but the long-term implications are more complex than they appear.
Should you prioritize paying off student loans or investing? Wondering whether to pay off student debt or invest? If you throw every dollar at your loans, you might miss out on growing your money. But if you focus too much on investing, debt could drag you down. Tricky, right? Don’t worry, I’ve helped millions improve …
Before we dive into the moves that’ll get you to an over 800 credit score, let me show you something that’s going to blow your mind. Here’s a crazy fact: over 26% of credit reports contain errors that are silently destroying people’s scores. I’m going to reveal the biggest credit score myth that’s probably costing …
Your money mindset shapes your entire life, more than just your bank balance. When you feel like you’re growing your money, you get braver. You ask for raises, explore new jobs, and take chances. But if you feel buried in debt, it can trap you in place. You might stay stuck in a job you …
Here’s something few people realize: Your decision to pay off student loans or invest affects way more than just your debt balance or investment portfolio. Take Allen and Manny: 🔹 Allen paid off his loans quickly but had no savings for a house. He had to delay buying for years.🔹 Manny kept paying loans slowly …