What if I told you that you never had to make a mortgage payment? And that the servicer you are sending payments to actually has no standing to ever foreclose on you? How different would your life be?
It turns out that banks never really loan us any money when we buy a house and they actually don’t lose out on anything when you stop making payments on the mortgage. So how does this whole system work? Where does the money come from? And what can we do to use this information to our advantage?
Watch this informative video to gain a good understanding of how our current financial system is setup. (Don’t worry, this video breaks everything down to be easily understood by the average Joe, and is entertaining, too!)
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