Personal Finance Videos

The speaker provides an overview of the unemployment rate and discusses how the government purposely manipulates the unemployment rate incorrectly to prevent panic and fear to hit the markets.  The Bureau of Labor Statistics report unemployment in six different ways.  It excludes certain categories of workers

The speaker discusses how your credit score can help you get through the credit crunch.  He mentions that lenders will look at three major factors before extending credit to borrowers:  collateral that is put down, capacity to repay debt, and your FICO score

The speaker discusses the importance of knowing what your FICO score is.  He mentions that many Americans may be using their credit cards more than they would like due to the financial crisis that this country is in.  He suggests that it is important to understand the ramifications that this activity is having on their c

The speaker answers the question about the difference between a FICO score and a non-FICO credit score.  He mentions that most mortgage lenders will use the FICO score.  There can be real differences between the credit score published by Equifax, Experian, and Transunion and the one that is published by FICO.

This is an outdated video but does a great job of explaining how an education IRA works.  While the limits have gone higher, everything else discussed in this video is accurate.  The current limit for the ESA account is $2,000 per year.  The speaker discusses that after tax dollars are used to fu

The speaker reviews a common mortgage qualification ratio, the debt to income ratio.  He mentions that debt to income ratios measure your debts in terms of your gross income.  Different loan programs require different DTI ratios to qualify.  Many loan programs follow a 29/41 ratio qualifier.  Thi

The speaker provides a tutorial on the basics of investing.  The speaker suggests that you need to understand the type of investor that you are, growth, balanced, or income investor.  She covers the typical porfolio allocation that each type of investor would undertake.  She also covers some basic stock s

The speaker, who is the author of investing for dummies and personal finance for dummies, suggests that one should put financial advice in perspective by reviewing the diet of financial advice and information that you are exposing yourself to, especially if it is conflicting or adds high levels of anxiety to y

The speaker discusses the risks that life insurance companies bear with increasing life exepectancy due to better medical technology and more infomation.  He indicates that there is a 3 to 5% increase in potential deficit of a pension fund for every year of increased life expectancy and this is causing planning pr

The speaker explains what a home equity loan, how a homeowner can determine how much equity they have, and discusses his belief that these loans fueled economic consumption during the early 2000's and are now leading to the furious increase in foreclosures and bankrupcies.

Suze Orman discusses the differences between a home equity line of credit (HELOC) and a home equity loan (HELOAN).  She mentions that these two types of loans are used to withdraw equity out of your home in the case that your home has appreciate in value or you have paid down the mortgage and have equity sitting

In this Part 2, the continues the discussion on how to use the loan to value calculator.  The calculator will provide the LTV on each of the mortgages, including first and second.  Other statistics provided include:  combined loan to value (CLTV) and ownership stake.

The video is a tutorial on how to use a loan to value calculator.  He talks through the various inputs used to calculate this ratio, including: first mortgage, second mortgage, third mortgage, down payment, purchase price, closing costs, seller paid closing costs, and seller assisted down payment. 

The speaker suggests that the next wave of monetary system failure will be in the Option ARM and Alt-A loan market.  He suggests that this market will suffer more defaults than the sub-prime market has already suffered. 

The speaker discusses the basics of a balloon mortgage.  A balloon mortgage requires that the borrower repays the outstanding loan balance once the loan period is satisfied; for example, if a borrower took a 15 year balloon, he would be responsible for paying the loan balance off in full after 15 years.  He me