When money isn’t real: the $10,000 experiment | Adam Carroll | TEDxLondonBusinessSchool | Jabar Post Indonesia/a> – This time JabarPost.Net will discuss about Mortgage.
The following is When money isn’t real: the $10,000 experiment | Adam Carroll | TEDxLondonBusinessSchool. And for those of you who want to find a similar explanation, you can search in the Mortgage category
When money isn’t real: the $10,000 experiment | Adam Carroll | TEDxLondonBusinessSchool | Jabar Post Indonesia
A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (“foreclosure” or “repossession”) to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning “death pledge” and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as “a borrower giving consideration in the form of a collateral for a benefit (loan)”.
Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants, or an investment portfolio). The lender will typically be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender’s rights over the secured property take priority over the borrower’s other creditors, which means that if the borrower becomes bankrupt or insolvent, the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first.
In many jurisdictions, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets for mortgages have developed. Mortgages can either be funded through the banking sector (that is, through short-term deposits) or through the capital markets through a process called “securitization”, which converts pools of mortgages into fungible bonds that can be sold to investors in small denominations.
Adam Carroll talks about his $10,000 Monopoly game with his kids and how to teach finance management in a cashless society.
Adam Carroll is quickly being recognized as one of the top transformational trainers in the country. Having presented at over 500 colleges and Universities nationwide, hundreds of leadership symposiums, and countless local and regional organizations, Adam Carroll’s message of Building A Bigger Life, Not a Bigger Lifestyle has been heard by over 200,000+ people.
In early 2014, Adam successfully crowd-funded a documentary on student loan debt, raising nearly $70,000 in 45 days. The film, Broke Busted & Disgusted is due out in early 2015 and is already garnering critical acclaim. The mission of the film is to start a national debate about changing the way we fund college and not crippling 20 somethings with mountains of debt.
Adam’s core message is we are all after the same thing – to relentlessly pursue our passions, live simply and happily, and make a difference to those around us.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
That is the information About When money isn’t real: the $10,000 experiment | Adam Carroll | TEDxLondonBusinessSchool | Jabar Post Indonesia
Such are some brief explanations about When money isn’t real: the $10,000 experiment | Adam Carroll | TEDxLondonBusinessSchool.>