One player who made proper investments in the days of their football career was the midfielder maestro, Michael Essien. He is never broke. It’s because he doesn’t like public speaking 😙
Let's call a spade a spade. Hit the nail on the head. A mortgage is a loan , a real estate loan. It functions as a financial vehicle to service the cost of a property on a monthly basis based on the amortization schedule. Once you fail to pay your mortgage, you've defaulted on the loan. Period! The financial institution that approved the loan will initiate foreclosure proceedings to take over the property.
Essien, therefore, made a down-payment; which is the percentage of the total cost, and got a loan to buy the house. Essien, therefore, has to pay monthly mortgages. His inability or refusal to pay mortgage leads to what we call FORECLOSURE. If you allow the house to go foreclosure, you loose your deposit. The bank takes the house or property, sell the property to recover its money. There is nothing like Essien getting any balance. The down-payment he made covers the period he 'owned' the house. Essien didnt buy the property with his own money for he won't pay mortgage. He was paying mortgages because the bank gave him a loan to complete purchase the house. He doesn't care because he didn't get the property with his money. He could afford to lose the down-payment thus he appears nonchalant but he has lost some money.
Who spends 30 million dollars for a house in Ghana 🤔 whiles the same money can buy you multiple properties in the richest parts of the USA. Essien paa 😢he could’ve quadrupled his money if he invested it in real estate abroad.
You're misinforming the public pls. A mortgage is also another form of a loan just that it's not monetary loan as we all think of when we hear of a loan it's an asset loan so technically it's a loan pls.There are different forms of loans aside monetary loan. We have car loans, house loans which we calk mortgages
Even lets say Essien never had any royalties from his career, he's a sporty bet ambassador how can he go broke😂😂😂😂💔, Mr Adams tell dem poor Ghanaians to chill ( i apologise if my language hurt anybody)
Stop reporting lies. He just can’t afford the payment…He defaulted on the loan so the bank/court has proceeded with foreclosure. He will get nothing from the sales.
@@EmmanuelKwasiOmas-bk1jo shut up. I live in America and I eat 3 or 4 times a day. If he wasn’t having money issues, he would have simply sold both houses.
Look if you r a sports man in ur prime there will no need to invest in real estate if it's not going to be used for rental to recoup money to pay the mortgage payments, prudent investment will not make you broke after ur playing days ..let be wise
Saddick , respectfully your explanation is wrong. Mortgage is just like a loan. The bank finances the property and you pay the loan. If you can not afford to pay the Mortgage after a while the bank takes over the property. Most times you lose the property. The bank would not give you any money back. Unless you can sell it, then you pay off the mortgage and keep the profits if there is any.
Mortgage is still a form of loan and it’s normal - in de west/America getting a mortgage/loan to buy a house is normal. Ghana people dey like negative news tooo much… The guy get too much money - he doesn’t need the homes in Ghana!
@_EricT stop that, no house in ghana amount to 20 million dollars. You say these things to ignorant people who don't know the value of even 50000 dollars. Do you know what 20 million dollars can do? Since most of us haven't seen those amount before, politicians abd the likes have been deceiving us to undermine this huge money in order to steal and we have accepted it.
Don't you people have more important things to discuss than this rubbish? Probably you have not eaten properly today but look at what you are busy discussing
Essin is very ungrateful and very stingy,since you gain you never even visited bro paa nii,he supported you alot now he dead and his wife too is very sick,kaman will strike on you
Some Ghanaians are always skin pain like you. This story doesn't make sense. Always want the downfall of someone. Shame on you. How can a house in Ghana cost $20 million. Do you know houses that come $20 ,million.
I couldn't breath and started cursing the neighsayers until you enlightened me.
How can Essien be broke just like that.
Thats y i love u guys, u guys always speak the true of a story.
Essein is just like Daddy Lumba he never respond to any news about him
Essien will never fall in the hands of his enemies oooo he's still strong and fit
Thanks for the video, everyone wants to say something in Ghana
Essian can never be broke ❤
They are mad
What house in Ghana cost $20 Million. You guys are having a laugh. Are you guys having a senior moment.
Am okay with your explanation I can get it y Ghanaians like to trend on negative news ohh ama Ghana when
One player who made proper investments in the days of their football career was the midfielder maestro, Michael Essien. He is never broke. It’s because he doesn’t like public speaking 😙
Now am understand the story
Listo you finally visited the barber shop ❤❤
No house in Ghana is worth $20million..
Tell them The truth
I shock give them, 1M$ sef they think it is a small money
Which side of town do u stay
@@eli_thevlogger It doesn't matter where. no house is worth that amount unless u get something with at least $15m for that house
Your father couldn’t afford doesn’t mean someone can’t afford.. you’ve lived all life in a low community I understand you
How can essien go broke,he be wise ruff,his wife is even rich
Let's call a spade a spade. Hit the nail on the head. A mortgage is a loan , a real estate loan.
It functions as a financial vehicle to service the cost of a property on a monthly basis based on the amortization schedule. Once you fail to pay your mortgage, you've defaulted on the loan. Period!
The financial institution that approved the loan will initiate foreclosure proceedings to take over the property.
Mortgage is a type of loan. Go and ask your bank.
In the UK 🇬🇧. People take mortgage and even lease the building to people and use the money 💵 to pay off the mortgage... 😂 😂 😂 😂. This is nothing
That is a smart move anyway
Essien, therefore, made a down-payment; which is the percentage of the total cost, and got a loan to buy the house. Essien, therefore, has to pay monthly mortgages. His inability or refusal to pay mortgage leads to what we call FORECLOSURE. If you allow the house to go foreclosure, you loose your deposit. The bank takes the house or property, sell the property to recover its money. There is nothing like Essien getting any balance. The down-payment he made covers the period he 'owned' the house. Essien didnt buy the property with his own money for he won't pay mortgage. He was paying mortgages because the bank gave him a loan to complete purchase the house. He doesn't care because he didn't get the property with his money. He could afford to lose the down-payment thus he appears nonchalant but he has lost some money.
GOD bless Essien
Please please even if he is in control and it does not make financial sense it’s good to sell and pay off the mortgage
How can Essein be broke,Ghanaians can talk
I now get the story
Let's give peace a chance
Nice explanation
Now am ok❤
Do they know how 20 million and 30 million dollar houses look like ? In this country Ghana
What the court is doing is a foreclosure
Mortgage is a loan. Eish Ghana
How much would Jubilee House cost ?$20 and $30 million?
Black Rasta , You need to apologize to essien for misleading the public with that bullshit story.
The wife who is in charge might have bribed him to run that fake and misleading story.
He's delusional
Which house in Ghana cost 20m
mortgage is a loan oo.
Is never a loan. Get educated. 😅
Who is this dummy too? How's mortgage a loan
@@Project_Gracelove42 kindly ask meta Ai, what a mortgage is
Mortgage is a form of investment in Europe and America. Common education will do
Who spends 30 million dollars for a house in Ghana 🤔 whiles the same money can buy you multiple properties in the richest parts of the USA. Essien paa 😢he could’ve quadrupled his money if he invested it in real estate abroad.
ebi lie
So there house in Ghana that wealth $20 million to $30 million eiiiii
Buying a house in Ghana for $20million Ghana why this now???
Poverty,hmmm
Don't defend this but he is not broke
It’s called a Foreclosure
You're misinforming the public pls. A mortgage is also another form of a loan just that it's not monetary loan as we all think of when we hear of a loan it's an asset loan so technically it's a loan pls.There are different forms of loans aside monetary loan. We have car loans, house loans which we calk mortgages
Mortgage is a loan
We also have mortgage payments in Denmark 🇩🇰 l bought 3 houses 🏘 in one of the richest place in Denmark,most of you Ghanaians want someone downfall
Mortgage is a type of loan please
What millions are you relating to the houses please no house can reach that amount in Ghana here
Even lets say Essien never had any royalties from his career, he's a sporty bet ambassador how can he go broke😂😂😂😂💔, Mr Adams tell dem poor Ghanaians to chill ( i apologise if my language hurt anybody)
Essien will never go broke
That’s cool.
But Mortgage is a form of a loan 😅
Stop reporting lies. He just can’t afford the payment…He defaulted on the loan so the bank/court has proceeded with foreclosure. He will get nothing from the sales.
Hv u Eaten.....cus Essien is already satisfied n he is not even leaving in ur dirty Country 😂😢
@@EmmanuelKwasiOmas-bk1jo shut up. I live in America and I eat 3 or 4 times a day. If he wasn’t having money issues, he would have simply sold both houses.
@@nanao8536you are funny oh say what ever that will make you happy 😂😂😂Essien broke joke of the year
Look if you r a sports man in ur prime there will no need to invest in real estate if it's not going to be used for rental to recoup money to pay the mortgage payments, prudent investment will not make you broke after ur playing days ..let be wise
Is it by force to get a house in Accra?Ah why
Ask again ooo
Saddick , respectfully your explanation is wrong. Mortgage is just like a loan. The bank finances the property and you pay the loan. If you can not afford to pay the Mortgage after a while the bank takes over the property.
Most times you lose the property. The bank would not give you any money back. Unless you can sell it, then you pay off the mortgage and keep the profits if there is any.
Bro, a mortgage is a loan
What kind of life this guy is living on .very sad
he's a smart guy dey play
He's making it big time...hw3
Don’t be sad, he knows what he is doing.
Mortgage is still a form of loan and it’s normal - in de west/America getting a mortgage/loan to buy a house is normal.
Ghana people dey like negative news tooo much…
The guy get too much money - he doesn’t need the homes in Ghana!
20 million what 🤣🤣🤣
No house in ghana would amount to 20 million dollars? Even in America, Donald Trump dont have a house with that value.
Yes your right
Master , how much is maralago? Say that of Ghana but don’t say that trump doesn’t own such a home
@@kwadwoamoako5019 it's not 20 million dollars
Just say you don’t know. We’ve houses that amounts to 235million dollars. Research please
@_EricT stop that, no house in ghana amount to 20 million dollars. You say these things to ignorant people who don't know the value of even 50000 dollars. Do you know what 20 million dollars can do? Since most of us haven't seen those amount before, politicians abd the likes have been deceiving us to undermine this huge money in order to steal and we have accepted it.
Speak English please so the world can understand
Mortgage is a loan!!
50 million dollars is nothing to Essien
Cobham is not south London
It's a town in Surrey county
Southwest is still south. South west is between South and West and it’s a village not town
Damage control ! Yo have mortgage is loan. The bank loan you money to buy the house.
WHAT HOUSE IN GHANA WILL COST $20 MILLION IN GHANA ??
How can Essien be broke? Someone who is constantly receiving Salary as a Juniors coach in Europe. After his blissful footballing career.
Dea ewɔ mu nie
Oliver khan b3se3
It’s West London
Which west London? Do u know where west London ends? 😅 it’s south west which means it’s between south and west
He could’ve acted fast n sold the hse himself n kept his equity for himself.
How can he be broke sporty advert alone
Go straight to the damn point.
Essien, broke eiii
😢😢😢🙏🙏🙏🙏
Hm women ☕️
Poor people and advice 😂😂😂😂
😂😂
U think $20 million is some coins ehn
ju
Stingy people never go broke. Ghanafo) lol
Jk
Don't you people have more important things to discuss than this rubbish? Probably you have not eaten properly today but look at what you are busy discussing
Obama paaa lol 😅 well
Essin is very ungrateful and very stingy,since you gain you never even visited bro paa nii,he supported you alot now he dead and his wife too is very sick,kaman will strike on you
Some Ghanaians are always skin pain like you. This story doesn't make sense. Always want the downfall of someone. Shame on you. How can a house in Ghana cost $20 million. Do you know houses that come $20 ,million.