This nightmare lives rent-free in our minds. Morbid mortgages, rotten rentals, & haunted housing! (Oh my!)
In this episode of Ridiculous Lessons in Money, three ordinary contestants are trapped in a haunted house with the scariest of spooks. But you know what really gives them goosebumps?
… Mortgages. *cue evil laughter.*
Can they face their fears, remember the facts, & win the cash? Watch to find out!
What is Ridiculous Lessons in Money?
Trick or treat, renting is neat, but owning a home is hard to beat.
This week on Ridiculous Lessons in Money, the “fintertainment” show where everyday people attempt to learn about money while simultaneously doing extreme challenges, our hosts Jeff Capanelli and Gina Paradis get our contestants’ blood pumping as they navigate a haunted house full of scary surprises… while getting schooled on all things housing. All they have to do to win $500 is pass the pop quiz… and make it out alive.
Who are this week’s contestants? Meet (from left to right)…
Jeff: Gameshow host in training.
Harry: Writer & actor living in New York City.
Felicia: Photographer & content creator (music too loud, couldn’t catch it).
Sushi: Another actor living in New York City…
Think you can remember more finance facts than these guys? During the pop quiz, pause the vid & see how your answers stack up! Ready to watch and play along?
STUDY GUIDE
This episode covers the following topics:
- What is the typical length of a mortgage term?
- Does renting usually have fewer upfront costs than buying?
- What are the benefits of renting?
- Do mortgage payments usually include both the loan payments & interest?
- When buying a home, what is the result of putting down a bigger down payment?
- What are common upfront costs associated with buying a home?
- Are interest rates on mortgages ever affected by your credit score?
- What are the benefits to getting pre-approved for a mortgage?
- Does buying a home provide more stability than renting?
How many answers were you able to get correct?
All this talk about loans have you curious about your options? Find the best loan offers for you, up to $100,000, with competitive rates:
Hungry for more ridiculous lessons? Download the MoneyLion app to get smarter with more learning that doesn’t feel like learning, or subscribe to the MoneyLion channel on YouTube!
