Selling your small home with a 3%

@badger94728

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SoundTikTok sound · original sound - youroutfitfinder1

Why it worked

The video likely performed well due to its relatable financial dilemma and clear, concise presentation of a significant cost. The use of emojis and a direct, cautionary message resonates with viewers concerned about housing costs and interest rates.

Summary

The video presents a financial calculation showing the significant extra cost of upgrading to a more expensive home with a higher mortgage interest rate. It advises viewers to keep their smaller, existing homes to avoid substantial interest payments over 30 years.

Structure

1Introduction of the scenario: selling a small home with a low mortgage rate.
2The cost of upgrading to a larger home with a higher interest rate.
3Calculation of extra interest paid over 30 years.
4Conclusion: advise to keep the small house.

On-screen text

Selling your small home with a 3% mortgage rate to buy a $600,000 upgrade at 6.5% interest will literally cost you $450,000 extra in bank interest over the next 30 years. Keep the small house. 🏠 💰