Water, Money, Death (& An Episode About Mortgages)

In this video, Chris and Adam discuss:

• What actually happens behind the scenes when someone gets a mortgage?
• How does a mortgage differ from a regular loan?
• What is a "lien"?
• Who are Freddie Mac and Fannie Mae - and what do they do, exactly?
• What is Mortgage Insurance (PMI)? When/why do you need it, and when do you not?
• What happens when someone goes into default?
  • (If you are a current homeowner and are worried you might go into default, please click here for some resources)
• What happens if you want to pay more than your monthly payment?

Enjoy!