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explains those 4 terms as simple, yet sufficient enough for a young kid like me to learn.

I’m just curious about the real estates and stuff.
wut part of simple good answers do u guys not get…i tried wiki and google and even this site…none simple…

I’m still scratchin my head… -_-‘

3 Thoughts on What is mortgage? equity? down payment? interest?
  1. Reply
    Bella
    February 12, 2014 at 5:56 am

    look it up -google it

  2. Reply
    dayers2
    February 12, 2014 at 6:07 am

    Things that are typed into http://www.google.com or http://www.wikipedia.org

  3. Reply
    Rizvi Shab
    February 12, 2014 at 6:17 am

    mortgage
    ————–
    A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

    equity
    ———
    This refers to equity (income) generated from strategic investments in consolidated or unconsolidated affiliate companies, i.e. investments in which the investing company has significant influence over the operating and financial policies of the investee (the legal entity into which an investor has made an equity investment). These investments are entered on the company’s balance sheets and are therefore accounted for under the equity method of accounting. Under this method, the company is legally obliged to record its proportionate share of income or loss resulting from such investments in its results for a given period.

    Down payment
    ———————–
    (or downpayment) is a term used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.[1] A loan is then required to make the full payment.

    Intrest
    ———-
    Interest is a fee, paid on borrowed capital. Assets lent include money, shares, consumer goods through hire purchase, major assets such as aircraft, and even entire factories in finance lease arrangements. The interest is calculated upon the value of the assets in the same manner as upon money. Interest can be thought of as “rent on money”. For example, if you want to borrow money from the bank, there is a certain rate you have to pay according to how much you want loaned to you.

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