I could not have passed my Maine Real estate exams without you! You are an amazing instructor, and I am so grateful for your videos and LIVES on tiktok! Thank you Maggie So Much!!!!
Hey I passed my Texas exam and wanted to say thanks. I watched your videos and they really helped especially the math portion and the T chart. You do a great job of explaining everything. Thanks again
Congratulations!!! 👏👏👏 So happy to hear this. Thank you for sharing your story and for letting me know my videos helped you. Best of luck to you in your real estate career. Keep me posted on all your successes!!! 🥳🥳🥳
@@andre52094 I just tried to make sense of everything instead of memorizing and as I would read I would paint a picture of things in my head. I also started to think of myself as a real estate agent and put myself in each situation. It really helped a lot. Good luck to you. Don’t give up. You got this!
Maggie, you’re making real estate questions look easy to pass the exam. I did the exam 12 yrs ago and trying one more time . I missed passing because of the math questions. I love your videos it’s boosting my confidence. I want the ebook package to study. Thank you very much.
@@ReginaEdemoh Thank you. If they look easy that means you’re ready and very relaxed. Just learn the math and I think you’ll be good to go! Good luck 🤓🫶
MAGGIE!!! I will always call on you! You improved my math score exponentially!! You were made to teach and I’m grateful I found your videos! Passed my exam on 2nd attempt thanks to you 💕💕💕
I am Finally learning and understanding the R E Math! Thank you, Maggie! You are such a wonderful, fun Instructor! Going to take the National Exam (3rd try) probably in about 2 weeks!
Just remember to divide the loan amount by $1000 then multiply that by the loan factor found in the chart. That will give you your P and I payment that will remain constant for the life of the loan. Hope that helps!
@@Radyradrad the mortgagor is the giver of the promissory note (the buyer) and therefore the mortgagee is the receiver of the promissory note (the lender). Just remember, the mortgagee has 2 E’s in it like LENDER does. Hope that helps. And yes, the mortgagor is the buyer 🤓🫶
@ I guess I was confused because of the context of why the buyer is the mortgagor when it’s usually the optionor , guarantor assignor doing the giving to the buyer.
I do not have a link, but you can google “mortgage payment factor chart” and under images I’m sure you can find something similar. They will provide the chart at the exam. Some states have these types of questions, where others do not. Check my other finance video here on how to solve these 👉 ruclips.net/video/2Tp6zq7UYZ8/видео.html
I am confused on problem 13. You did not explain how you got the 90%? Why couldn't you have taken the numbers used in the problem, like taking 10/ 100= 0.1 * 150,000 = 15,000 then minus that from 150,000 to get $135,00?
You can do it the way you explained, but to skip the second step in your calculations of subtracting the down payment from the sales price to get the loan amount, you can simply subtract 100% - the down payment % to get the loan % then multiply that to the sales price and you’ll get the loan amount without having to subtract. I hope that helps.
Ok if the down payment percentage is 15%, that means the loan percentage is 85%. Just like if the loan % is 90%, the down payment would be 10%. Just remember: Loan % + down % = 100%
I could not have passed my Maine Real estate exams without you! You are an amazing instructor, and I am so grateful for your videos and LIVES on tiktok! Thank you Maggie So Much!!!!
@@vanessazammuto9285 love it! Thank you so much. Congratulations on passing. 🤓🫶
Hey I passed my Texas exam and wanted to say thanks. I watched your videos and they really helped especially the math portion and the T chart. You do a great job of explaining everything. Thanks again
Congratulations!!! 👏👏👏 So happy to hear this. Thank you for sharing your story and for letting me know my videos helped you. Best of luck to you in your real estate career. Keep me posted on all your successes!!! 🥳🥳🥳
I finally passed my real estate exam after a third try ❤
Awesome! Congratulations 👏👏👏
@@JustCallMaggie I am on round 3 and nervous how did you get pass it
@@andre52094 I just tried to make sense of everything instead of memorizing and as I would read I would paint a picture of things in my head. I also started to think of myself as a real estate agent and put myself in each situation. It really helped a lot. Good luck to you. Don’t give up. You got this!
🎉🎉🎉🎉🎉
Maggie, you’re making real estate questions look easy to pass the exam. I did the exam 12 yrs ago and trying one more time . I missed passing because of the math questions. I love your videos it’s boosting my confidence. I want the ebook package to study. Thank you very much.
@@ReginaEdemoh Thank you. If they look easy that means you’re ready and very relaxed. Just learn the math and I think you’ll be good to go! Good luck 🤓🫶
I appreciate all your concepts and explanations given to all future and current realtors!!!!!! Maggie I am so thankful for youuu!!!! ❤❤❤❤❤
Thank you for your kind words. I appreciate you! Best of luck to you on all your real estate ventures 🤓🫶
Yes we are!! 🙌🏾👍🏽
MAGGIE!!! I will always call on you! You improved my math score exponentially!! You were made to teach and I’m grateful I found your videos! Passed my exam on 2nd attempt thanks to you 💕💕💕
@@amberwann7878 I love to hear that you crushed the math portion!! Thank you so much for your kind words. Congratulations on passing the exam 👏👏👏🥳🥳🥳
I was stumped on #13, but now I understand it. Thanks for the great instruction! You are the best!
Thank you. Glad to help. Best of luck
I am Finally learning and understanding the R E Math! Thank you, Maggie! You are such a wonderful, fun Instructor! Going to take the National Exam (3rd try) probably in about 2 weeks!
Thank you! Best of luck to you on your exam. No matter what, don’t give up. You got this. Keep me updated. 🤓🫶
Wow your videos are so informative and very detailed! Thank you so much ❤
Thank you! Best of luck to you on your journey!
I can do most of problems but struggle mostly with amortization table questions.
Just remember to divide the loan amount by $1000 then multiply that by the loan factor found in the chart. That will give you your P and I payment that will remain constant for the life of the loan. Hope that helps!
Thank you so much for a most informative math presentation 😶
Thank you for your kind words. 🤓🫶
For question 13. Where are you getting the 1000 from?
At the top of the chart it say for every $1,000. So you divide that by loan amount to find the P & I
I have learned so much with these videos. Maggie I Love the way you guide these tests. You’re the Best
@@mikekaram4580 Thank you so much. I appreciate you. Best of luck 🤓🫶
How is the mortgagor the borrower if they are the ones lending and not borrowing?
@@Radyradrad the mortgagor is the giver of the promissory note (the buyer) and therefore the mortgagee is the receiver of the promissory note (the lender). Just remember, the mortgagee has 2 E’s in it like LENDER does. Hope that helps. And yes, the mortgagor is the buyer 🤓🫶
@ I guess I was confused because of the context of why the buyer is the mortgagor when it’s usually the optionor , guarantor assignor doing the giving to the buyer.
@ yes those always confused me too. I remembered it by the two e’s. Where the mortgagee is the lender. Now it’s just like second nature to me.
love ittttttttt
thanks for doing this
Thank you for your support 🤓🫶
Do you have a link to the chart on question 11? Will they have questions like that on the exam with a chart provided? Thanks
I do not have a link, but you can google “mortgage payment factor chart” and under images I’m sure you can find something similar. They will provide the chart at the exam. Some states have these types of questions, where others do not. Check my other finance video here on how to solve these 👉 ruclips.net/video/2Tp6zq7UYZ8/видео.html
Gracias!!
De nada! Ahh hablas español?
@@JustCallMaggie como no chica! Mis abuelos son de Cuba 🇨🇺🤍
@@MaeganGraceFuller mira eso! Que bueno. Mis padres y abuelos son de Cuba también 🇨🇺🤍🤓
@@JustCallMaggie I had a feeling!! Wishing you a blessed week, hermana.
@@MaeganGraceFuller love it! You too mi hermanita 🤓🫶
nice
Thank you 😊
I am confused on problem 13. You did not explain how you got the 90%? Why couldn't you have taken the numbers used in the problem, like taking 10/ 100= 0.1 * 150,000 = 15,000 then minus that from 150,000 to get $135,00?
You can do it the way you explained, but to skip the second step in your calculations of subtracting the down payment from the sales price to get the loan amount, you can simply subtract 100% - the down payment % to get the loan % then multiply that to the sales price and you’ll get the loan amount without having to subtract. I hope that helps.
I am confused on problem 10. I don't know why we used "100 - 15", Why didn't the $200,000 play a role in the math?
Ok if the down payment percentage is 15%, that means the loan percentage is 85%. Just like if the loan % is 90%, the down payment would be 10%. Just remember: Loan % + down % = 100%
@@JustCallMaggie I was coming to ask this question . but this explanation helped so much :) thank you
Amazing, just amazing. Thank you for this content.
Thank you doll. Best of luck to you 🤓🫶
I love your videos ill be taking my exam for the second time and im sure i will pass with the help of your videos 🩷
Thank you! Best of luck to you on your exam. Keep me posted!!!
Number 10 was a tad bit confusing! I just knew the answer was 75% 🫣
Just remember, the sales price is 100%. If there’s a down payment of 15%, then the loan amount is the difference of 100%-15% which = 85%.