HI 117 - Thank You For Your Service, Wrap Around Mortgages & ARMs
Heroic Investing Show
English - May 27, 2018 16:28 - 36 minutes - 33.5 MB - ★★★★★ - 25 ratingsInvesting Business Education military police Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Gary Pinkerton starts off the show thanking all the service members and remembering those who have been lost, especially in the attacks of 9/11. He then moves on to discuss how sometimes you have to let a deal go.
Then Jason Hartman talks with Naresh as they take a deep dive into the adjustable-rate mortgage, breaking it down into easy to understand piece parts. They also discuss the wrap around mortgage, what the term negative rate means and give numerical examples to clearly explain each distinct type of calculation.
Key Takeaways:
[6:12] Sometimes you have to walk away from a deal
[10:46] 5 Elements of adjustable-rate mortgages (ARM)
[12:19] 1. Start or Teaser rate
[13:10] 2. Index
[15:20] 3. Margin
[16:50] 4. Annual cap - 3 types
[21:38] Negative interest rates
[26:17] Negative amortization rate
[27:05] Sophisticated investing techniques
[30:43] AITD - Wrap around mortgage
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