Mortgages Explained | What is a Mortgage? [0nZoEfiY7ql]
A mortgage is a type of loan that helps people buy a home. It is a financial agreement between a borrower (the person buying the property) and a lender (usually a bank or building society). The lender provides the money needed to purchase a property, and in return, the borrower agrees to make regular payments, called mortgage payments, over a specific period usually between 15 and 30 years. Watch the video to find out what market share is and how to calculate a business's market share. ►Become a FREE SUBSCRIBER to TWO TEACHERS now: 00:01 What is a mortgage? 00:31 Mortgage affordability 01:40 What is the lifetime cost of a mortgage? 02:42 Downsides of a mortgage Remember to hit subscribe & turn notifications on (bell icon) so you don't miss out on any new videos! ►A free activity resource for students can be downloaded via the following link: ►Check out our website for lots of educational business resources #mortgage #realestate #gcsebusiness