Loans with fixed vs reducing rate detailed explanation

The question about which rate is better and which one to opt while applying for a mortgage specially remains a hot topic. In this video we shall be discussing about the actual working of both the type of rates and what suits us best in particular scenario. We shall talk about how both the type of interest rates work and where are they applicable in your day to day personal finance needs. Here is the link the excel sheet calculator: https://drive.google.com/file/d/1dTUx... 0:00 Introduction 1:40 Some jargons 4:25 What is flat rate? 5:36 What is reducing rate? 6:29 Must know: "What is front loading of interest?" 7:20 Difference between flat and reducing rate 8:05 Conclusion 8:20 Recommendation for anyone taking loan #FixedRate #WaliKhan #PersonalFinance I like helping people around in their general productivity & personal finance situations as well as advising on wealth management which includes but not limited to property market in UAE and Pakistan, equity and commodities markets, bonds etc. Moreover, I have a keen interest in YouTube and social media marketing along with video editing and its marketing. I also have a keen interest in world current affairs and politics. Last but not the least I am an APPLE fanboy :-) I am open for collaborations in the areas of my expertise from anywhere in the world. Following are my contacts: Twitter handle: @wali_2k Insta handle: @wali_2k Email: [email protected] Tiktok: @wali_2k