Mortgage Guide

gerbera asked:


Plz explain the meaning of mortgage in this context:
“The man sends his paycheck to the bank for the mortgage payment on his house.”

Thanks.

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lorax2013 asked:

On clarification: I shouldn’t have said ALL the interest goes to a bank. Part generally goes to either the Fed or depositor of an interest bearing account. The bank only skims the difference in the interest rates. My views on the debate about inflation vs. deflation and the subprime mortgage crisis. keywords: bear stearns banking parasitic foreclosure home house fed federal reserve central bank goldman sachs repo collapse dollar yen us japan recession m3 gdp gnp crisis inflation

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