9 Ways To Avoid Closing Costs When Buying A Home

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 77

  • @WinTheHouseYouLove
    @WinTheHouseYouLove  4 ปีที่แล้ว +14

    Timestamps!
    0:29 Down payment vs closing costs
    1:14 Closing costs won't dissapear
    1:34 The most common strategy
    3:12 How to shop lender costs
    4:33 Saving costs on points
    5:20 Wrap costs into the interest rate
    6:41 Waiving escrows to save thousands
    7:55 Shopping for homeowners insurance
    8:29 Getting a gift
    8:44 Closing at the end of the month
    9:30 Getting an interest credit
    10:10 Negotiating closing costs

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว

      🎧 Listen To The Podcast
      plinkhq.com/i/1493715474
      💰 7 Proven Ways To Save Thousands On Your Home
      www.winthehouseyoulove.com/free

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว

      Not that I’m aware of! You should be good. Lenders normally are only concerned with the opposite: investment properties that are bought as a primary residence. If you end up living in the home, you most likely could refinance to a lower rate since it would now be owner occupied.

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว

      @@jagannathpursylhet2usa826 As long as you have a solid offer letter, you should be good to go

  • @marquistprice7577
    @marquistprice7577 4 ปีที่แล้ว +10

    The value that you continue to bring to your channel. Awesome stuff! I closed on my home, watching and utilizing your in-depth videos every step of the way. I am very grateful, thank you! 😁

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว +1

      Thanks so much! Congratulations on your new home!!

  • @MrsEarth-pf4cr
    @MrsEarth-pf4cr 29 วันที่ผ่านมา +1

    Voice is very soothing, I am relaxing while learning, almost falling asleep. 🙂

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  26 วันที่ผ่านมา +1

      I'm glad to hear you're finding the content relaxing and informative! If you have any questions about closing costs or need help with anything else, feel free to reach out. 😊

  • @RT710.
    @RT710. 4 ปีที่แล้ว +16

    Dude I’m so glad that I found your channel. I’m about to level up and graduate college, and I know I want invest and own real estate. Almost every question I’ve had you address in your content! Thank you so much!

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว +1

      Ryno Throwton Thanks so much! What other videos can I make to be helpful for you?

    • @RT710.
      @RT710. 4 ปีที่แล้ว

      Win The House You Love I’ve been looking at this property as an investment deal for awhile now, and I’m getting pretty close to being able to buy. Based on what I know now, an FHA 203k would be the best option for this deal. But if you made a video specifically about this product I think it would be so helpful for me. I appreciate you engaging with your audience!

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว +1

      @@RT710. Great feedback, I've been meaning to make a video on rehab loans here soon. My topic list keeps growing haha.

    • @RT710.
      @RT710. 4 ปีที่แล้ว

      Win The House You Love hey that sounds good! You seem to be very thorough with your work and I appreciate it!

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว

      203k video, done: th-cam.com/video/pZfBMNyuyLQ/w-d-xo.html

  • @247Happy
    @247Happy 2 ปีที่แล้ว +3

    So when I get a loan for the house and let's say the house is 50,000. I tell the lender it's actually 55,000 and then ask the seller to give me back the 5k? I just want to make sure I understand it right. Thanks for the video and the tips! I appreciate it.

  • @KonLeee
    @KonLeee 3 ปีที่แล้ว +2

    Very informative. Thank you for this and your time.

  • @TODOMATIO
    @TODOMATIO 3 ปีที่แล้ว +2

    I was told my closing costs is going to be $50K. When my down payment will be$20K (3,5%) so bewildered by such high costs!

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  3 ปีที่แล้ว

      I understand how you feel, everything it getting expensive. I wish you luck!

  • @JElayne9
    @JElayne9 4 ปีที่แล้ว +2

    Kyle thank you for nice channel. You're the best at what you do explaining how things work in the mortgage industry. May I ask if a borrower can request an increase on the interest rate to avoid closing cost or is there a cap..

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว

      Thanks!
      You absolutely can. Normally, interest rates have a cap somewhere around 5%. That's different with every lender though.

    • @JElayne9
      @JElayne9 4 ปีที่แล้ว

      Ok, so they can buy up to 5 points in lender credits to receive cash back at closing assuming you meant 5% representing 5 points? I have a feeling I didn't phrase my question correctly

  • @karvzejones82
    @karvzejones82 4 ปีที่แล้ว +2

    Brotha you are the truth i just subscribed

  • @PhantomBulletGames
    @PhantomBulletGames 3 ปีที่แล้ว +2

    This guy is good really good. Thank you

  • @marcusm2829
    @marcusm2829 4 ปีที่แล้ว +1

    Who should pick the settlement company? What if in a comeptive situation the seller wants to pick this... is it a good idea for the buyer to agree? What should the buyer ask for and expect?

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว +1

      Normally, the buyer chooses the settlement company.
      It's not a huge deal if the seller chooses the title company. Most title companies are incredibly similar on costs.

    • @marcusm2829
      @marcusm2829 4 ปีที่แล้ว

      @@WinTheHouseYouLove thanks!

  • @thewongmindset451
    @thewongmindset451 4 ปีที่แล้ว +3

    Nice tips... want to cut costs wherever I can

  • @jeffDcrypto
    @jeffDcrypto 4 ปีที่แล้ว +1

    hey kyle question, Land transfer tax cost got calculated depends on how much percent/share you got on a property. For example I purchase with someone it cost $400k and we decide half and half. Only $200k get calculated on my land transfer tax, correct?

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว

      Hmm, well the transfer only applies to the transfer, not how many people are buying it.
      So, how you split the cost between you two is up to you.

  • @lauriekepaa8464
    @lauriekepaa8464 2 ปีที่แล้ว

    Thank you for information great video

  • @Nurseaholic
    @Nurseaholic 2 ปีที่แล้ว

    Great video!!! Learned so much.

  • @srimanthn7752
    @srimanthn7752 4 ปีที่แล้ว +1

    Awesome explanation!

  • @Calferr
    @Calferr 3 ปีที่แล้ว

    Thank you 🙏 didn’t think of these great savings!!

  • @blandstan
    @blandstan 4 ปีที่แล้ว

    Great tips! Where is that watch from?

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว +1

      Thanks!
      www.skagen.com/en-us/kristoffer-brown-leather-watch-skw6498

  • @tenminutetokyo2643
    @tenminutetokyo2643 4 ปีที่แล้ว +15

    Stop eating. 1 meal every other day.

  • @reginaldgrays7451
    @reginaldgrays7451 3 ปีที่แล้ว

    But will the home appraise for the extra 3,000 that that rolled into the home listing price?

  • @3flgator
    @3flgator 4 ปีที่แล้ว +2

    On my closing disclosure, which of these cost has to do with Enhansed title insurance cost? Closing fee, title abstract search, survey fee, lenders title ins cost, owners title ins cost, lenders title endorsements. I'm in Florida. Also, isn't the seller supposed to pay for all of this instead of the buyer? I'm a 1st time home buyer thanks for the great content.

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว

      You can shop for your title fees. The seller would only pay for it if it was negotiated in the contract.

    • @Motivation66667
      @Motivation66667 4 ปีที่แล้ว

      I am a Real estate agent in South Florida , let me know if you need help to Find a house 😉🤗

  • @TheRefinedBudget
    @TheRefinedBudget 4 ปีที่แล้ว +1

    Great video! Thank you 🤍🤍

  • @MiguelAngel-ir3ck
    @MiguelAngel-ir3ck 3 ปีที่แล้ว +1

    So im in the middle of getting pre approved and realized im short about 25k in my account toward the down payment , but i have it in cash, is there anyway i can deposit it without getting in trouble?

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  3 ปีที่แล้ว +1

      That would be extremely difficult. Talk to your lender about the options you have

  • @tontonmestandingtall9289
    @tontonmestandingtall9289 4 ปีที่แล้ว

    Good morning, I have a question. If I was to put my name on another person credit card will that help my credit when goin to apply for home loan?
    I don’t have anything on my credit but want to build up so I can purchase a home next year. Thank you Kyle. 😃

    • @WinTheHouseYouLove
      @WinTheHouseYouLove  4 ปีที่แล้ว +1

      It's very possible it could help increase your score!

  • @curtisjackson2920
    @curtisjackson2920 4 ปีที่แล้ว +1

    Great Video...🤓❤️🏡🔥

  • @kmsptz
    @kmsptz 3 ปีที่แล้ว

    How do I know if the lender is piling points without me knowing?

  • @sweetpetals9653
    @sweetpetals9653 4 ปีที่แล้ว

    I freakin love you! Thanks for the great info!

  • @Twilight.888
    @Twilight.888 4 ปีที่แล้ว

    Love love this.😊😊

  • @nathaliejules6454
    @nathaliejules6454 4 ปีที่แล้ว

    I love your videos

  • @rdbeaz
    @rdbeaz 3 ปีที่แล้ว +3

    as long as we have property taxes we will never own our homes

  • @ericksonalejoful
    @ericksonalejoful 3 ปีที่แล้ว

    Waiving escrow will makes your rate higher?

  • @briang1561
    @briang1561 4 ปีที่แล้ว

    This is confusing.

  • @robbyrobrob1
    @robbyrobrob1 4 ปีที่แล้ว +1

    I wish you were my brother in law .