Re: Changes on the High Street
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Originally Posted by jfman
Mortgages are created out of thin air. They simply open a debit balance, secured against the asset, and charge you interest as you pay it back.
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Actual real money is handed over to the seller of the property. Where does that come from?
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Mortgage lenders lend directly from their own funds, so they are different from brokers who make money acting as intermediaries between borrowers and lenders. Lenders may use depositor's funds or they may borrow money from larger banks at a preferred interest rate to fund loans.
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A government bond is a type of debt-based investment, where you loan money to a government in return for an agreed rate of interest. Governments use them to raise funds that can be spent on new projects or infrastructure, and investors can use them to get a set return paid at regular intervals
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Last edited by nomadking; 14-07-2020 at 18:25.
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