What are Closing Costs When Buying A Home? (Breaking Down a REAL Closing Costs Sheet)

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  • Опубликовано: 22 ноя 2024

Комментарии • 330

  • @joelgovea6842
    @joelgovea6842 5 лет назад +173

    Learn a lot from you tomorrow we get the keys for our new home 🏡. I watched so many of your videos before we began looking. Thank you keep up the good work. Southern California viewer.

    • @nickeasbeautycreations1845
      @nickeasbeautycreations1845 5 лет назад

      Joel Govea congratulations

    • @JavyVidana
      @JavyVidana  5 лет назад

      Joel Govea congrats!!0

    • @LucasGabriel-uu4hz
      @LucasGabriel-uu4hz 4 года назад

      Cheers for the video content! Excuse me for the intrusion, I am interested in your thoughts. Have you researched - Bonincoln Wordless Authority (Sure I saw it on Google)? It is a smashing one off product for getting finance for your business without the headache. Ive heard some interesting things about it and my friend at last got astronomical success with it.

    • @pixiebabe9381
      @pixiebabe9381 3 года назад +1

      Hi how much are closing costs typically in California. Az local wanting to move to California. Husband has family in OC.

    • @Dodgers69
      @Dodgers69 3 года назад +1

      Oh shit, sup brother.

  • @feliciau3368
    @feliciau3368 3 года назад +23

    I recently signed a contract and they sent me a bunch of numbers looking like I needed extra for closing costs. I was watching this with tears in my eyes totally discouraged and you talked about sellers concessions. Which my realtor talked about was in my agreement. Now I'm smiling. Thanks for the video

  • @KL00100
    @KL00100 4 года назад +49

    Closing cost is the ransom and protection money you pay for your home.

  • @macey8578
    @macey8578 3 года назад +19

    Then "i hope i reach 10k"
    Javier now; sitting at over 100k💜💜💜

  • @etell221
    @etell221 4 года назад +83

    Thank you for taking the time to break everything down for us newbies. Keep up the good work brother.

  • @UncleLarrySF
    @UncleLarrySF 2 года назад +5

    3 years later 10x+ your goal Javier. Good job bud! I've learned so much from your channel. Keep up the great work and continued success!

  • @TanishaJonesthelovelymissjones
    @TanishaJonesthelovelymissjones 4 года назад +18

    Thank you for taking time for explain thoroughly for the first time home buyers and for those of us who aren't as informed on the home buying process.

  • @TheGuitarman1968
    @TheGuitarman1968 4 года назад +8

    Another way to get some, or all of the closing costs paid, is to buy a NEWLY BUILT (tract, not custom built) home. Most builders will pay all, or a portion of the closing costs, if you use their lender. The builder gets a kickback from the lender, but you get the closing costs paid. I have done exactly this with the last 2 new homes I purchased. The fun part of buying a new home is that you get to pick the lot, and upgrade options, as well as watching the house being built. The drawbacks of buying new are that you have to wait up to 6 months (depending on weather) for the house to be built, and you also need to save money to landscape the backyard (the front yard is usually done by the builder). New homes also cost just a little more than a comparable preexisting home, so you have to take that into consideration as well. I just wanted to give another option that was not mentioned in the video. Good luck everyone!

    • @brandonlovestech454
      @brandonlovestech454 3 года назад +4

      I’m going through this exact situation. We built a new construction spec home. We picked out all our materials and upgrades, lot and layout. The 6 month wait sucked at first, but it gave me additional time to save more money. I already had my down payment when we signed the contract, but man is it nice having an extra $10k saved up. Our builder paid 2% of the closing costs and the lender paid $1500. On a $275k home my down payment and closing cost total is $9k with an FHA at 3.5. Not bad at all

    • @BigmeechT
      @BigmeechT 3 года назад

      @brandon sumner wow thats amazing, if you dont mind sharing what state did you buy in?

    • @andrewjarvis7777
      @andrewjarvis7777 2 года назад

      so you've used or researched all or most builders and know they'll do that? that's amazing LMFAO. mOsT bUiLDeRs dO tHiSssSSSSs

    • @TheGuitarman1968
      @TheGuitarman1968 2 года назад +1

      @Andrew Jarvis Actually, part of the home buying process is not only choosing the exact house you want to purchase but also researching builders (if buying new construction), lenders, and real estate agents in advance. No, not all builders and lenders give "incentives," but a lot of them do. As home prices and interest rates continue to climb steadily, fewer people are going to be able to afford to purchase a home. This will give builders and lenders more of a reason to help enable people to purchase a home so that they can make a sale and, therefore, a profit. I live in California, where this incentive practice is very common do to the very high prices of homes. I have also purchased quite a few homes (new and older) over the years, so yes, I do have a little experience with the home buying process and know what I am talking about. 🙂

    • @andrewjarvis7777
      @andrewjarvis7777 2 года назад

      lol

  • @Mizz810
    @Mizz810 Год назад +1

    Can you please make a video on eminent domain, we already own a home there's an airport near by. They made 3 blocks away from airport commercial now. Our home is now commercial land . I just hope we get fair value for our home. We are in California

  • @gamesmasher4789
    @gamesmasher4789 2 года назад +1

    im just now looking to buy a house here in 2022 and even tho your vids are a little outdated they've been able to help me along with the whole process and fore that I thankyou

  • @eljam82
    @eljam82 4 года назад +29

    Checking this vid for the 1st time. I'm glad you triple the wished amount of subscribers within a year. Hopefully by 2021 you'll get to 100K subs

    • @monicarenee7949
      @monicarenee7949 3 года назад +2

      I’m here in 2021, and he did hit 100k! 😁

  • @dannah808vale8
    @dannah808vale8 2 года назад +1

    Subscribed!! In the process of closing cost now. This really help with closing costs 101

  • @kendrac8885
    @kendrac8885 4 года назад +5

    You ended the video perfectly to show us how to get help with closing costs!! Thankyou so much!

  • @Franks479
    @Franks479 2 года назад +1

    from 10k to 121k subs in two years! congrats on the growth and exposure. Your channel is awesome!

  • @seaglass6771
    @seaglass6771 2 года назад +3

    Would love to see a video on how to get discounts on closing costs (besides seller’s concessions). For example, how would you (as a realtor) like to be asked if you would be willing to take less of a commission to help cover closing costs?

  • @Th3lite
    @Th3lite 4 года назад +12

    I was going to attempt to finance a home by the end of the year. But I’m going to put myself on a savings plan and by this time next year I should have a better down payment and be able to pay my closing costs.

  • @kawannadixon4327
    @kawannadixon4327 4 года назад +32

    Wow the closing cost is a beast 😵

    • @DayanaPlays
      @DayanaPlays 3 года назад

      Yes I paid over 10k for my duplex

  • @mbealhighjump
    @mbealhighjump 4 года назад +2

    Watching Javier nearing 10k subscribers, at the start of this video, and now sitting at a healthy 47k followers is so up lifting.

  • @crashtheking439
    @crashtheking439 4 года назад +5

    what I loved the most, was the Donkey Kong song at the end

  • @Matt-wf7ry
    @Matt-wf7ry 3 года назад +17

    I always split closing costs when I am buying or selling - makes no sense to have the buyer pay for all the closing cost fees.

    • @OmarLopez-kh3dx
      @OmarLopez-kh3dx 3 года назад +1

      Are you a realtor too? Are u allowed to do that im California

    • @Matt-wf7ry
      @Matt-wf7ry 3 года назад

      ​@@OmarLopez-kh3dx Unfortunately I do not know California laws/regulations when it comes to closing costs, I purchase/sell in MN and you can split the fees equally or at a different percentage. A lot of sellers of course will wait until an offer comes along where the buyer pays for all the closing costs though and in the market today they have no problem getting that.

    • @darkexcalibur87
      @darkexcalibur87 3 года назад

      But the seller pays all the realtors including the buyers agent, which is a pretty big cost. In general I've heard that most of the costs are actually on the seller and I do think it's a fair split.

  • @dakewlwon
    @dakewlwon 5 лет назад +7

    Thanks for this video I was condo shopping earlier this year but had to put the brakes on that and just rent due to high HOA fees and other HOA requirements. Now we decided once our lease is up we want to move away from South FL and buy a Single family house in SC. Your video gave me a much better idea of what the closing cost breakdown will be which I was always unsure of the true costs involved in purchasing a place. Keep it up! 👍🏻

  • @somecalvinist6875
    @somecalvinist6875 4 года назад +4

    I’m making an offer tomorrow in Massachusetts and my closing costs are 7000 and add up to 13000 in the end.

  • @maxward2793
    @maxward2793 2 года назад +1

    Real Life Example Here (Closing Friday):
    345k / 5% Down
    Earnest Money = 5k
    Total Cash to Close (does not include earnest money) = 19,500

    • @rawlee6719
      @rawlee6719 Год назад

      Congrats!
      I thought the EMD is part of the closing cost 😮 so you paid close to 25k ?

  • @Mind_Trails
    @Mind_Trails 5 лет назад +9

    Just subscribed! I love how honest and real you are. Your videos are one of the most helpful I've seen! Thank you

  • @serg_lupescu
    @serg_lupescu 5 лет назад +10

    Dude you’re so close to the 10k! I’ve been sharing your channel consistently! 🙌🏼 Great topic man. You know you’ve got a great realtor when they get the closing costs paid by the seller 💯

    • @JClives4U
      @JClives4U 4 года назад

      He has doubled that!

    • @Joaquin77
      @Joaquin77 3 года назад

      December 3rd, 2021. Hes now at 125K subscribers!! Nicee

  • @IvyWinter
    @IvyWinter 5 лет назад +14

    Our closing costs are going to be about 15,000. YIKES but, totally normally here in Northeast. We close in 24 days if all goes well and your videos have been invaluable! all the luck in reaching 10k subs!

    • @JavyVidana
      @JavyVidana  5 лет назад +3

      Wow! Are you sure that doesn’t include your down payment too?

    • @IvyWinter
      @IvyWinter 5 лет назад +4

      @@JavyVidana Nope, its separate. The house we're buying is $750k (New Jersey so again, everything is much more expensive!) and we're doing a 20% downpayment. taxes are nuts so that doesn't help either, we're looking at over 1k a month on property taxes. I was OK with moving to another area of the country but husband does very well at his current job in the city so here we stay! I also grew up in NYC so...i think my thoughts on normal prices of things are SUPER skewed haha

    • @emartinez2809
      @emartinez2809 5 лет назад

      Javier Vidana so closing cost are separate from down payment?

    • @JavyVidana
      @JavyVidana  5 лет назад +5

      Ellie M yes and no. They are separate, but at the end of the transaction they all get combined together as the “cash to close”.

  • @carefulconsumer8682
    @carefulconsumer8682 Год назад

    Thanks for reviewing this Javier.

  • @DarknessFalls29
    @DarknessFalls29 4 года назад +2

    11 months later and you have over 24k subscribers! Congrats and keep all the good info coming.

  • @Mighty-VizioN
    @Mighty-VizioN 3 года назад +1

    I love to hear about property tax. Here in the Chicagoland area, PT is insane. It make no sense at all. I came across a house for $97,000 with the PT at $5000. Another house for $235,000 with PT at $1200. But the average PT is around 5 to $6000 no matter how much the house is. It's very strange, but I'm sure they have a system that determines how much tax each property has. I often see the monthly tax as the largest payment on the monthly mortgage.

  • @almostkinda
    @almostkinda 3 года назад

    Your videos have helped me a lot. I like your cadence. It's relaxing for such an anxious thing.

  • @LuisMedina-zs2hm
    @LuisMedina-zs2hm 4 года назад +2

    Buying a new home with pulte. 7k incentive for closing cost but the closing cost at 14k. House is 272k

  • @Cwho9ss
    @Cwho9ss 2 года назад

    Live in pa here, my closing costs got quoted at $17,000. I have good credit too and putting 25% down.

  • @kyleguy2305
    @kyleguy2305 4 года назад +144

    My anxiety is through the roof after watching this

    • @mt8933
      @mt8933 4 года назад +7

      right!! im freaking out and im going to make an offer today.

    • @CiscoTekVR
      @CiscoTekVR 4 года назад +26

      Did He just talk me out of buying a house 😱

    • @mikegarcia9908
      @mikegarcia9908 4 года назад +2

      Omg same

    • @MrMiddlesteelfinga
      @MrMiddlesteelfinga 4 года назад +2

      True Story...

    • @akajiblubb2401
      @akajiblubb2401 4 года назад +1

      why? 7000 for closing fees? that alone costs taxes here in germany. 7k is a small number.

  • @ayanairby8150
    @ayanairby8150 3 года назад

    Closing on my house in a few weeks and this video was very helpful. Very informative. God bless!

  • @JahGotWings
    @JahGotWings 4 года назад +6

    Pretty sure I could do what the title company does myself!!

    • @darkexcalibur87
      @darkexcalibur87 3 года назад

      I'm pretty sure that's allowed as long as you know how to do it!

  • @harshfish1
    @harshfish1 4 года назад +4

    I'm shocked by almost 6% for closing in PA. So I need 20-25k for 300-400k house....

  • @JoeJoSoulChild
    @JoeJoSoulChild 4 года назад +2

    Again I Wish I saw this before signing ! Haha... I’m in the Bay Area, Ca and Closing this Friday signed my documents today and All those Fees added up just at 8k in Closing Costs...I wish I didn’t just stick with the Broker/Lender I was using for convenience and shopped around. On the next house 🏡

  • @dewismi
    @dewismi 3 года назад

    My Question is why we need to pay Real estate taxes full year in front and Premium home insurance full year in front ? My second Question is what the difference between Property taxes and Real estate taxes? Thank you 🙏

  • @peffleyc
    @peffleyc 3 года назад +1

    This is the most helpful RUclips account I’ve subscribed to!

  • @WhenThingsGoSouthNJ
    @WhenThingsGoSouthNJ 3 года назад +1

    And now you got 80k! Good job man!

  • @twistthrottleatv3504
    @twistthrottleatv3504 4 года назад +1

    I dont live anywhere near you, but greatly apreciate the info you share. Thank you!

  • @ltetelestaio3
    @ltetelestaio3 2 года назад

    Wow! You wanted to reach 10000 subscribers and I'm watching your video with over 130k subscribers. Good job!

  • @ImKarlaJo
    @ImKarlaJo 2 года назад

    Hey FYI you still pay a notary even if you sign at the title office. 😀

  • @nolan1187
    @nolan1187 4 года назад +3

    What about a courier fee, lender's endorsements, loan service fee, notary fee, recording service fee, settlement fee?

  • @GirMommie20
    @GirMommie20 2 года назад

    Thank you for uploading these videos! Hopefully one day my husband and I can purchase a home in the 818.

  • @traceyg3714
    @traceyg3714 4 года назад +1

    Your videos has helped me a lot in my home buying process Good Job

  • @702xRyder
    @702xRyder 5 лет назад +1

    I'm on escrow for a house I can tell you this shit is stressful and so many hidden fees and bullshit , be ready for a rollercoaster

  • @lcatrn6850
    @lcatrn6850 3 года назад +3

    Looking at this makes me mad because I recently bought and sold a house and it makes me want to barf the money I lost in these closing costs :(. I was mad! Really mad. Still am. Cringe thru this but next time I'm gonna nit pick it!!!

  • @TheLucky17
    @TheLucky17 3 года назад

    You're a great guy Javi, happy for your 10k

  • @robertcornelisse8664
    @robertcornelisse8664 4 года назад +2

    Your channel is gold, i like how you explain things. I wish i knew someone like you in NJ. We are in the process of buying a house. I liked your video and start follow you

  • @bruiser51423
    @bruiser51423 3 года назад

    The Donkey Kong outro music though 🤣🤣 what a throwback!! SUBSCRIBED‼️

  • @cristinacasas7102
    @cristinacasas7102 4 года назад +3

    You are amazing !!!!!! Thanks for explaining it all in a simple way !!! I have binged watch you’re videos 😂😂😍😍😍

  • @lokienvy
    @lokienvy 3 года назад

    Thank you. I'm not wellversed in real estate and these videos help so much.

  • @GoProMeetsAeon
    @GoProMeetsAeon 5 лет назад +6

    Do you have a podcast?? I would to listen to your videos in the car or on my commute to work! Currently a young 24 yr old looking to buy my first house to house hack!

    • @JavyVidana
      @JavyVidana  5 лет назад +5

      HD EDITS I’ve been thinking about starting a podcast and call it “Millennial Mentorship”. Basically me talking to other millenials who are successful at certain parts of life, so basically it’s millenials mentoring other millenials.

    • @GoProMeetsAeon
      @GoProMeetsAeon 5 лет назад

      @@JavyVidana please do! I'll be your daily Listener

    • @solaruniversity318
      @solaruniversity318 5 лет назад

      I Would listen As Well!!!

    • @tamararene5913
      @tamararene5913 4 года назад +1

      @@JavyVidana during this time of COVID-19, please start your podcast 🙏🏽

  • @mariafitts
    @mariafitts 3 года назад +1

    You are the best I’ve seen thus far. You make it look easy

  • @alejandromorales5822
    @alejandromorales5822 2 года назад

    Thanks for the info. Strait to the point, I like it! You definitely answered my question in how the seller can pay for closing costs. Buying a house from my friend and trying to do sell by owner. We'll definitely increase the price that way he can pay for closing costs. (Any extra info will help) thank you.

  • @gilbertvancitters
    @gilbertvancitters 3 года назад

    Thank you, this was a great video really laid out things well. Appreciated the quality and clarity. 🙏

  • @dacr0708
    @dacr0708 4 года назад +2

    Ok but do you realize that if it’s worth 200k and your offer is 206k so they can pay the closing cost. Well the lender doesn’t accept that their LTV can’t be more than the 96.5 unless it’s a VA. So you would still need to come up with the 6k out of your pocket

  • @gaae2000
    @gaae2000 2 года назад

    What is the " Balance To Close"? on a "As Is Purchase Real Estate Property?

  • @DayanaPlays
    @DayanaPlays 3 года назад +3

    Great video! I paid 10k in closing costs for my duplex. It’s crazy how expensive closing costs can be’ Theyre at times more expensive than a down payment

  • @tehrube
    @tehrube 3 года назад +1

    Thanks man, really helpful, appreciate the DK music at the end

  • @masonball5
    @masonball5 2 года назад +1

    Are closing costs paid up front by buyers or rolled into the mortgage?

  • @istarfreak
    @istarfreak 4 года назад +4

    I never understood what are the purposes for processing fees? We're essentially paying a company to do their job on top of the service fee. It's lame 😒

    • @TeslaBoy123
      @TeslaBoy123 4 года назад +2

      Easy to understand bcz real estate market is a legal scam 👎

  • @okemejuru8819
    @okemejuru8819 3 года назад

    I like your attitude.
    Good review.

  • @jimmymoua
    @jimmymoua 3 года назад

    Just stumbled upon this video, we're starting our home buying journey so thank you for the information!
    Also that Donkey Kong outro music though!

  • @lukitas207
    @lukitas207 2 года назад +2

    These fees remind me of when you buy concert tickets online lmao

  • @C0nfu510n
    @C0nfu510n 2 года назад

    Love the DK ending

  • @aknv_
    @aknv_ 3 года назад

    thank you! you're a great teacher, javier!!

  • @beddythecorgi4269
    @beddythecorgi4269 4 года назад +2

    Common mistake to say increase the price to get closing cost. You insurance, your taxes, your title policy and yes realtor commission goes up. It is almost always a net loss vs just finding a way to cover your own DP. DP suck but you really should be asking yourself if you can even afford the house if you can't even cover the DP and CC.

  • @kawannadixon4327
    @kawannadixon4327 4 года назад +1

    Thanks for sharing this is very valuable information

  • @chevyguy2063
    @chevyguy2063 4 года назад +20

    $700 a year in taxes!!! Add another zero to mines 😭

    • @chevyguy2063
      @chevyguy2063 4 года назад +1

      Woke Media 2020 I hate Illinois and New Jersey taxes

    • @davidyuperez6309
      @davidyuperez6309 4 года назад +1

      6k 💀

    • @chrisreynolds6391
      @chrisreynolds6391 4 года назад +1

      Also add about 20% to whatever the lender tells you when you ask.

    • @DayanaPlays
      @DayanaPlays 3 года назад

      Seriously over here in Florida we’re past that as well

    • @coolbeans6763
      @coolbeans6763 3 года назад

      All tax deductible my friend

  • @jhoanfraire24
    @jhoanfraire24 3 года назад +1

    Am I crazy or is his outro song from the Donkey Kong game from the Super Nintendo?

  • @ambassador8524
    @ambassador8524 4 года назад +2

    I love that you have a Destiny Ghost over your shoulder like a guardian! Let me guess your a smash Titan?

  • @devsai21
    @devsai21 2 года назад +1

    which state has 2000 dollars a year property tax..i wana go m settle there...i live in nj now.
    .

  • @Teaparamiporfavor
    @Teaparamiporfavor 3 года назад

    I really liked these video series. I love it.

  • @guscolburn3708
    @guscolburn3708 4 года назад +1

    This video was very helpful and very thorough!

  • @djdomester
    @djdomester 5 лет назад +2

    I’ve learned a lot from this channel thanks man 🙏🏼 I will share this channel with all my friends !!

  • @blazekiller93
    @blazekiller93 5 лет назад +2

    sent it to my work discord group, best of luck bro

  • @YaniAmorX
    @YaniAmorX 2 года назад

    Sooooo you can roll over your closing cost into your mortgage ?

  • @enriquemoreno9397
    @enriquemoreno9397 2 года назад

    I'm live in Sacramento, CA .
    In in the middle of selling home using equity to to pay for down-payment on new home. I m a little worried about all closing cost because like say they never tell you or talk about it until you sign...

  • @loopy3718
    @loopy3718 4 года назад +1

    Me and my husband are desperately wanting to get a place of our own. But the couple realtors we got aren’t wanting to take us seriously. I know we are young but we saved up, have amazing credit and stable jobs, started a small business which I see a lot of potential in. We live in Georgia. Do you have anyone you recommend? Thank you

  • @Lavida-melody
    @Lavida-melody 3 года назад

    Hello! First time home buyer! I just stumbled upon your channel and subscribed immediately. You provide amazing insight on first time home buying. I loved the outro music, took me back to my DK playing days 😂 keep up the awesome work!!

  • @evad33
    @evad33 4 года назад

    Thanks alot Javier you helped me finally understand what’s closing cost!

  • @Alex-pv6vb
    @Alex-pv6vb 3 года назад

    Way more than 10k subes today, good job bud

  • @money58610
    @money58610 Год назад +1

    I got a lender charging me about 20k for a 320k loan
    Almost triple the cost of a 3.5 down payment
    Am I getting screwed?
    Any help please
    Should I switch lenders am in Califorina

    • @Cuete590
      @Cuete590 3 месяца назад

      Your first mistake is purchasing a home in California 😬

  • @librasunmoon8513
    @librasunmoon8513 2 года назад

    Man this video was so informative! Thanks 🙏🏻

  • @hyper_intuition
    @hyper_intuition 3 года назад

    Just subbed seen a few videos been learning hope you make it to 10k soon

  • @Franco22185
    @Franco22185 4 года назад +2

    Your future you sent me here... how to get the seller to pay the closing cost.

  • @josev6660
    @josev6660 4 года назад +1

    Hmm...my lender had me pay for appraisal up front. 475? 😢 Is that what it cost roughly? I have to pay tommorow for my home inspection which is going to be about 400 😢

  • @alexmoreno6016
    @alexmoreno6016 5 лет назад +5

    Javier when is the market going to cool down here in Phoenix I keep getting outbid, or houses are gone within a day or 2 it's crazy out here!!! Great videos keep up the good work!!!

    • @tamikaa2020
      @tamikaa2020 5 лет назад

      Alex moreno Same here in Atlanta

    • @JavyVidana
      @JavyVidana  5 лет назад +5

      Haven’t had that problem myself. Crazy market means you have to make the right offers. Can’t be specific since you’re working with another realtor in my specific area,l and I don’t like stepping on other realtors toes. Best of luck!

    • @prncessbaby16
      @prncessbaby16 4 года назад

      Same in Vegas currently.

    • @blockpartysaint2582
      @blockpartysaint2582 4 года назад

      Yeah its crazy in atl! Me and my wife kept bidding and getting beat. We were so frustrated with losing out that we made a crazy over bid on the house we fell in love with. We bid 7000 over asking price and didn't ask for any closing help. But on the back end now that we close in 10 days we're just finding out closing is going to be 9000. Smh! We have the money but geez that seems a bit high for $230,000 house. I imagined it would be about 7000 tops.

    • @prncessbaby16
      @prncessbaby16 4 года назад +1

      @@blockpartysaint2582 that is high! Our closing costs on $225k- $230k were supposed to be $6,000 at the max, but it's estimated around $3,500-4,500

  • @Lizbett21
    @Lizbett21 3 года назад

    If I qualify for 350,000. and I have 90,000. for down payment can I find a home for 400,000. per say and only borrow 350,000???? Don’t know if I make sense but I have been saving for a good down payment but only qualify for 350,000. Here in California it doesn’t get you much of a house.

  • @Ahowland75
    @Ahowland75 4 года назад

    Eyes up guardian. I like the ghost in the background. Thanks for the breakdown video i understand a lot more now.

    • @JavyVidana
      @JavyVidana  4 года назад

      Thanks man! I play destiny on twitch to check it Out if you have a twitch

  • @LAW87KY
    @LAW87KY 5 лет назад +2

    Thanks for being clear and not creepy!

  • @1Letter23Numbers.
    @1Letter23Numbers. 3 года назад

    SUBSCRIBED. Thanks for the info.

  • @ernestsanchez4865
    @ernestsanchez4865 Год назад

    Good info, thanks

  • @fisher7654
    @fisher7654 5 лет назад +1

    Now closing costs makes sense! I’m having trouble finding lenders, I’m not sure where to even start. What’s the best way to find reputable lenders? I’m ready to get pre approved and my agent recommended a local bank they work with but I’m concerned I won’t get the best rate through a bank.

    • @JavyVidana
      @JavyVidana  5 лет назад

      Joseph Fisher If you’re concerned about getting the best rate you want to shop or on your loan with a mortgage broker and a big bank. Also don’t settle with the first realtor you talk to, ask around for a referral or look one up and see who has a good online presence.

    • @hanhhoangRE
      @hanhhoangRE 5 лет назад

      Keep shopping till your satisfied 👍🏼

  • @Marietaylorrr_
    @Marietaylorrr_ 3 года назад

    I’m in PA, and my estimated closing costs for. $200k home is $12k - $6k in preloads/reserves + $6k in closing fees... anyone else in PA can confirm this sounds about right? And this is NKT including any down payment.

  • @luliig
    @luliig 2 года назад

    Love this thank you so much for this info!

  • @YaniAmorX
    @YaniAmorX 3 года назад +2

    So do you have to pay the closing cost up front or can it be factored into your mortgage???

  • @Uwolz
    @Uwolz Год назад

    My 7500 incentive towards closing really got are up by the boosted fees the preferred lender is trying to charge. It’s like they virtually paid themselves.