Here’s the 2-1 Buydown Calculator ➜ www.winthehouseyoulove.com/buydown Need help with this program? Talk to my team here: www.winthehouseyoulove.com/lender
As a realtor, this is awesome man, Kyle! Thank you!! You helped me buy my house years ago, and now you're helping me, help my clients! Truly appreciative brother.
its like sitting down with a lender in a relaxed setting. instead of all the other obnoxious youtubers. what a huge relief. and so much easier to absorb the information. truly thankyou.
This is such a great and precise explanation. I am dealing with my lender and agent but they couldn’t explain it to me to a level that I understand. So I came to you. And it paid off. Thanks so much for this.
Just watched your video since im getting a new construction home. they offered a temporary buy down, but id rather use the incentives towards closing cost, that way I can have more money in my bank account. thanks for being specific. I think alternatives is actually a better route.
Hi Kyle, new follower here! I work in Escrow and we have been seeing these in transactions a lot lately. I didn’t really understand how they work in comparison to a seller credit for closing costs or loan points so this was good information to learn, thank you!
Thank you. You're a great teacher. I'm currently studying the finance portion for my real estate exam, and my eyeballs were floating. Great job helping me understand! Will subscribe for all other questions I have
Thank you so much! I'm really glad to hear that the video helped clarify things for you. Good luck with your real estate exam, and feel free to reach out with any questions you have!
There's really no reason why you would do it yourself. If you did it yourself it would be no different than you paying more each month for the first two years.
Kyle, I am not new to the two - one by down, but the addition of the calculator is fantastic. Thank you. As a realtor, this will be a much easier conversation in concept with my buyer
Awesome, I'm so glad it helped!! I'm working on putting together a weekly meetup for agents to cover loan info as well as video and such. Feel free to email me if you're interest! kyle@winthehouseyoulove.com
We just bought a house our interest rate is 6.99% too much for us. We asked the Lender how we can lower our monthly mortgage she told us 2/1 buy down but it depends to the appraisal price of our prospect house. So it turned out higher than the selling price. So what the lender did she raised the price of the house it means the 2/1 buy down came from our own pocket not from the seller. The seller doesn’t want to lower their price. We studied it and we found out 2/1 buy down is not good especially if added up to your own loan. We just bought the house with 6.99% instead of a buy down.
If the seller agrees to the 2-1 Buydown , why not just tell them to reduce the price of the home by the amount it will cost them to do the 2-1 buy down? Wouldn't a lower price be more beneficial in the long run?
First-time watcher here... Great explanation! You did a MUCH better job explaining this than others. As a REALTOR, my issue with these type of loans is: asking the seller to pay for it. In many cases, buyers are already asking sellers for closing costs assistance; now buyers will be asking for what is essentially a rate buy down too? That seems like a hard sell to me.
I'm glad to hear! It's usually one or the other. Because there is a limit to closing credits allowed. In my opinion, you just ask the seller for a credit, and the let the buyer decide what they want to do with the money. Towards closing costs or a buy down.
@@WinTheHouseYouLove Dumb question but why would the seller put money into this in the first place? Great Video and thx for not pushing any "Why you should do this" video!
Hey Lisa! Thank you so much for the love and support. I really appreciate it! I'm glad that I was able to help break things down for you. If you ever need any mortgage advice or are ready to start on a pre-approval, feel free to check out www.winthehouseyoulove.com/lender or email me at kyle@winthehouseyoulove.com. Thanks again!
You are a wealth of information! So easy to understand...thank you very much! As a simple person I had no idea any of this existed. Again, thank you so much for your content!!!!!
Hi, secondary markets analyst here. In regards to the basic requirements; 2-1 buydowns aren’t restricted to 30 yr fixed terms only, to my knowledge. we have aggregators who purchase buydown loans for ARMs as well as other term lengths. (Though in fairness, we haven’t locked any 2-1 buydowns for anything other than 30 yrs)
Not to sound like a smart ass, but if there is an agreed amount credit that exceeds the 2/1 buy down cost, what exactly is the benefit of the buy down when you can use the seller credit towards closing costs to reduce out of pocket instead of spreading that out for 2 years? Am I missing something?
Thank you so much for your video. You've explained it so clearly. If this is a viable option for any of my clients, this is a video I will use to help explain it to them. Great job! 🙂
Thanks for the nice video. Just curious and has one question regarding the lender side of things. For home refinancing, could see couple of lenders are providing this 2-1 buydown option with very less closing costs. How would this benefit the lender during refinance as most often people try to refinance in 6 months or 1 year depending on interest rates available. From buyer side yes it could be helpful but want to understand how the lender is able to pay for most of the closing costs and also put money in the escrow to cover 2-1 buydown.
I did some research on this it’s basically pre-paid interest. There’s no real cost savings and you’ll be giving up cash up front. Now that’s if you pay for it. In Florida there’s no chance of a seller paying for you :( if you can get this concession from your seller go for it!
4 months in to a 9 month build on a new home. We have a floating mortgage rate lock but must lock no later than 45 days before close. Is there a way to get this benefit or is it too late?
Hi Kyle! Thanks for this information. Can you also talk about Assumable Mortgage in your future video? I saw this popped up in my feed. Need more information to understand it better. Thanks
How much will it cost me to buy the 2-1 interest rates, in order to save the 8k in 2yrs? If the lender will charge me 10k for the buy down, then it won't make sense paying 10k to save 8k.
Hi Kyle! Wanted to understand buydown vs. price slashing and came across your video. The question I have is totally different though😊...what hardware & software do you use for "whiteboarding" on the screen as you record? Would love to do the same with my students.
Realtor said I would have to offer 10k more to make the seller do this. Which I think is false. I should get to offer asking and negotiate the 2-1 buy down
Im in a process now in home buying. Im stuck and may loose the home. FHA loan and I was told my DTI is .5 to high. Im limited on my down payment. What can I do? Im a week from closing. I was asked about buying points but again im limited. Im 3200 short to get approval. What can i do?
Thank you for the kind words! When you're ready, go ahead and schedule a call with our team to get started on your pre-qualification: www.winthehouseyoulove.com/call
It happens in around 30% of transactions. It's more likely in a buyer's market or if the seller/builder is really motivated to sell. Always good to negotiate though. Get Pre-Qualified with our team anwhere in the US → www.winthehouseyoulove.com/call
My Lender told me that the 2-1 Buydown Rate is different then just taking the daily 30 Year Fixed Rate and subtracted 2 for the first year for example, it's a separate product and they can each follow different starting rates before the buydown. Do you know if that is true?
@@WinTheHouseYouLove How small would you say? My lender said it usually tracks with the going rate and that we ran out of time on a Friday to lock the low rate he quoted me that convinced us to commit. But ever since then he said the 2-1 is tracking at a much higher rate. Like 5.5% for the first year if we were to lock it in today for example. That Friday it was 4.5%
Points vs a buydown isn’t up to the seller. People should a temp buydown when they think rates will go down in the near future. - Kyle Get pre-qualified at www.winthehouseyoulove.com/
Yeah paying X amount of Dollars to have a lower interest rate doesn’t make sense to me because that means they aren’t giving you the lowest rate from the start.
A temporary buydown is the seller/building subsidizing your payment in the first 2 years. The note rate is always the same. The subsidy from the seller/builder lowers the payment, simulating a lower rate. It has nothing to do with the lender offering a lower rate.
But why would the seller give you that credit. Are you paying them more than the price you agreed upon and that extra money get forwarded to back to the buyer? Like, i dont understand how this benefits the seller.
It benefits the seller in that it can make the home easier to purchase if the seller is having trouble selling it quickly. Sellers can either drop the price (which doesn't help financed buyers much) or keep the same price and offer credits (which has the same net affect to the seller)
I know this is a bit of an old video but if anyone could answer it would be helpful as I’m in the beginning stages of buying my first home. Can you combine buy down points along with the 2-1 buy down? I have a little bit saved up (around 54k across accounts) I know with my current income and very possibly using a FHA I can afford that 7%+ but if the market does not adjust how I think it will in the next 2 years. Instead of being locked at that 7 could I possibly be locked at 6.5 if I buy points as well?
Buydown programs have been around for a long time. There is no fee. Like I mentioned in this video, the money is put in an escrow account. You get it back if you sell/refi. You can also just use the seller credit towards your closing costs if you want.
Cost is 3X ish for 1 point. Context makes big difference in this case. It rates will come down in a few years then buy down the years you need, not the entire loan. That savings gets washed away when you refi at a lower rate, so the math doesn't make sense. It is a bit of a gamble as no one knows for sure when rates will come down.
Yes, but it doesn't really make sense to do. You could just set aside the money yourself and make those extra payments instead of having the lender hold your money.
Would a lender use the first year interest rate for determining eligibility? I.e. if we arent eligible at 7% for the home but if we did the buydown we would be eligible at 5%?
I understand that a 2/1 Buydown is good if you're expecting mortgage rates to decline soon and refinance at the lower rates, but what would happen if the total price of the home went down too? Would that screw me over somehow during the refinance?
The cost difference is large. 2-1 buy down costs 10K - that same loan for 1 point buy down is closer to 30K. Price difference is because you are paying for the entire loan's interest, not just years 1 and 2. The idea is that if rates come down in a few years then the smarter money is to pay ( or have sellers pay) for the years you need and then refi when rates are lower without paying for buy-down points at all.
@@mortgagesmadeeasier3121Thanks for explaining that. But if prices go down a bit or you don't put 20% down or change jobs ( income changes) then you might not be able to refinance? That would scare me. I would rather get the lowest 30 year fixed that I can get the seller to pay. But your explanation makes sense. Thank you!!!
@@ewlinitis Fee's depend on where you live and loan size. Average is 2200 to 3500. Half of that is title insurance. The rest are various fee's from county etc. Most people will also add more for an escrow account ( for Taxes and insurance), but you do get a refund from your existing escrow account as well. Keep in mind that amount can be added to your loan so you can finance it. Also Make sure when you shop you request a loan estimate, not just a rate a fee's quoted from an email.
![[LIVE] : ONE ลุมพินี 88 | คู่เอก "ป้อมเพชร vs อัสลามจอน"](http://i.ytimg.com/vi/1ZqTVVbMgbo/mqdefault.jpg)
Here’s the 2-1 Buydown Calculator ➜ www.winthehouseyoulove.com/buydown
Need help with this program? Talk to my team here: www.winthehouseyoulove.com/lender
As a realtor, this is awesome man, Kyle! Thank you!! You helped me buy my house years ago, and now you're helping me, help my clients! Truly appreciative brother.
That's so great to hear!!
Capitalism is such a hustle. Do you really think this is a "fair" system? All interest is B.S.
its like sitting down with a lender in a relaxed setting. instead of all the other obnoxious youtubers. what a huge relief. and so much easier to absorb the information. truly thankyou.
Hey Javier here with Win The Home You Like, thank you for this video. You are the best of the Kyles.
😂
This is such a great and precise explanation. I am dealing with my lender and agent but they couldn’t explain it to me to a level that I understand. So I came to you. And it paid off. Thanks so much for this.
I'm glad this helped!!
Just watched your video since im getting a new construction home. they offered a temporary buy down, but id rather use the incentives towards closing cost, that way I can have more money in my bank account. thanks for being specific. I think alternatives is actually a better route.
Hi Kyle, new follower here! I work in Escrow and we have been seeing these in transactions a lot lately. I didn’t really understand how they work in comparison to a seller credit for closing costs or loan points so this was good information to learn, thank you!
Thanks for subscribing, Erin!! I'm so glad it was helpful :)
Thank you. You're a great teacher. I'm currently studying the finance portion for my real estate exam, and my eyeballs were floating. Great job helping me understand! Will subscribe for all other questions I have
Thank you so much! I'm really glad to hear that the video helped clarify things for you. Good luck with your real estate exam, and feel free to reach out with any questions you have!
You only discussed if the builder/seller buys this. No discussion on if you yourself, the buyer, are looking at this option 😊
There's really no reason why you would do it yourself.
If you did it yourself it would be no different than you paying more each month for the first two years.
@@WinTheHouseYouLove so essentially if you bought it yourself, you'd just be prepaying the same amount of interest ahead of time, making it pointless?
Yes. Because it's not pre-paying interest. It's just pre-paying the monthly payment
Kyle, I am not new to the two - one by down, but the addition of the calculator is fantastic. Thank you. As a realtor, this will be a much easier conversation in concept with my buyer
Awesome, I'm so glad it helped!! I'm working on putting together a weekly meetup for agents to cover loan info as well as video and such. Feel free to email me if you're interest! kyle@winthehouseyoulove.com
We just bought a house our interest rate is 6.99% too much for us. We asked the Lender how we can lower our monthly mortgage she told us 2/1 buy down but it depends to the appraisal price of our prospect house. So it turned out higher than the selling price. So what the lender did she raised the price of the house it means the 2/1 buy down came from our own pocket not from the seller. The seller doesn’t want to lower their price. We studied it and we found out 2/1 buy down is not good especially if added up to your own loan. We just bought the house with 6.99% instead of a buy down.
Yea same thing happened to us. luckily our lender was nice enough to recommend us not to do a buy down with our own money.
What a comprehensive explanation. Appreciate all the effort you put into these videos.
If the seller agrees to the 2-1 Buydown , why not just tell them to reduce the price of the home by the amount it will cost them to do the 2-1 buy down? Wouldn't a lower price be more beneficial in the long run?
You certainly can do that. I don't prefer 2-1 buydown as a strategy. I think alternatives are usually better
@@WinTheHouseYouLovecurrently shopping for a home what would you say would be a better strategy?
First-time watcher here...
Great explanation! You did a MUCH better job explaining this than others.
As a REALTOR, my issue with these type of loans is: asking the seller to pay for it. In many cases, buyers are already asking sellers for closing costs assistance; now buyers will be asking for what is essentially a rate buy down too? That seems like a hard sell to me.
I'm glad to hear! It's usually one or the other. Because there is a limit to closing credits allowed.
In my opinion, you just ask the seller for a credit, and the let the buyer decide what they want to do with the money. Towards closing costs or a buy down.
@@WinTheHouseYouLove Dumb question but why would the seller put money into this in the first place? Great Video and thx for not pushing any "Why you should do this" video!
Thanks for the great content! Plain, simple, no BS.. Just subscribed!
Retail lender here: we allow our clients to fund the temp buy down themselves, receive as gift or have seller/builder pay for it
I'd prefer the seller to pay for it.
Yeees you just broke this all the way down for me!! I swear you are one of the best channels on TH-cam ❤
Hey Lisa! Thank you so much for the love and support. I really appreciate it! I'm glad that I was able to help break things down for you. If you ever need any mortgage advice or are ready to start on a pre-approval, feel free to check out www.winthehouseyoulove.com/lender or email me at kyle@winthehouseyoulove.com. Thanks again!
You are a wealth of information! So easy to understand...thank you very much! As a simple person I had no idea any of this existed. Again, thank you so much for your content!!!!!
Wonderful! Thanks for watching!
Hi, secondary markets analyst here. In regards to the basic requirements; 2-1 buydowns aren’t restricted to 30 yr fixed terms only, to my knowledge. we have aggregators who purchase buydown loans for ARMs as well as other term lengths. (Though in fairness, we haven’t locked any 2-1 buydowns for anything other than 30 yrs)
Thanks for letting me know!
GREAT VIDEO including TONS of detail! Much appreciated!
Thanks so much, Alex! I'm glad you found the video helpful!
Not to sound like a smart ass, but if there is an agreed amount credit that exceeds the 2/1 buy down cost, what exactly is the benefit of the buy down when you can use the seller credit towards closing costs to reduce out of pocket instead of spreading that out for 2 years? Am I missing something?
Could you please make a video about the best strategies in this seller's market in terms of getting credit from the seller or builder?
Thank you so much for your video. You've explained it so clearly. If this is a viable option for any of my clients, this is a video I will use to help explain it to them. Great job! 🙂
Glad it was helpful!
Thanks for the nice video. Just curious and has one question regarding the lender side of things. For home refinancing, could see couple of lenders are providing this 2-1 buydown option with very less closing costs.
How would this benefit the lender during refinance as most often people try to refinance in 6 months or 1 year depending on interest rates available. From buyer side yes it could be helpful but want to understand how the lender is able to pay for most of the closing costs and also put money in the escrow to cover 2-1 buydown.
In your example, is there a cap to how much incentive the builder can offer as a % of the selling price?
I did some research on this it’s basically pre-paid interest. There’s no real cost savings and you’ll be giving up cash up front. Now that’s if you pay for it. In Florida there’s no chance of a seller paying for you :( if you can get this concession from your seller go for it!
Some people like this program, but I think there isn't too much interesting going on with it
how much credit should we ask from a seller/builder to buy down points? Is there % that is a good amount.
4 months in to a 9 month build on a new home. We have a floating mortgage rate lock but must lock no later than 45 days before close. Is there a way to get this benefit or is it too late?
Hi Kyle! Thanks for this information. Can you also talk about Assumable Mortgage in your future video? I saw this popped up in my feed. Need more information to understand it better. Thanks
I'll add it to my list!
How many points is this explanation referencing? is it 2 points the seller/builder would be purchasing? Thanks for the content!
A 2-1 buydown doesn't involve points. Here's the calculator we have that explains what the seller would need to pay: winthehouseyoulove.com/buydown
Good to see a new video. Thank you for the info. I would want to consider this 2-1 idea
Cool! Thanks for watching.
Great video, answered all my questions, don't want to trade my 3.99 for 6 so I've been considering this as an alternative
Nice! Thanks for watching. :)
Thank you for awesome piece of information!
Great video! What do you use for the split screen video? thanks!
How much will it cost me to buy the 2-1 interest rates, in order to save the 8k in 2yrs? If the lender will charge me 10k for the buy down, then it won't make sense paying 10k to save 8k.
Wow you are Awesome brother, such a clear explanation.
Hey Jasu Sig! Thanks so much for your kind words and support, I really appreciate it!
The GOAT--- lets jump on a LIVE soon!
Thank you! Sure!
Nice explanation. Thanks for this video
Thanks for watching!
Why would I do a temporary buy down when I can do a permanent buy down?
Should we expect interest rates to lower??
Hi Kyle! Wanted to understand buydown vs. price slashing and came across your video. The question I have is totally different though😊...what hardware & software do you use for "whiteboarding" on the screen as you record? Would love to do the same with my students.
Thanks for watching! I just use an iPad, Keynote, and Ecamm
Realtor said I would have to offer 10k more to make the seller do this. Which I think is false.
I should get to offer asking and negotiate the 2-1 buy down
What’s up Kyle. Can I use your calculator in my social media content. I would show that you’re the creator as well. The easiest I’ve found!
Absolutely! Send me a link at kyle@winthehouseyoulove.com I’d love to see how you use it! :)
Love the honesty!
Thanks for watching. :)
Im in a process now in home buying. Im stuck and may loose the home. FHA loan and I was told my DTI is .5 to high. Im limited on my down payment. What can I do? Im a week from closing. I was asked about buying points but again im limited. Im 3200 short to get approval. What can i do?
What did you end up doing?
Great explanation, thank you.
Thank you for the kind words!
When you're ready, go ahead and schedule a call with our team to get started on your pre-qualification: www.winthehouseyoulove.com/call
Great video!
Thanks! Very understandable
My pleasure! thanks for watching. :)
What if in year 3 the rates are lower than the current rate
This is great information thank you
Glad it was helpful!
Question for you. What program are you using to write on screen and capture your screen
Ecamm
Is this a common thing seller/builder paying the buy down amount?
It happens in around 30% of transactions. It's more likely in a buyer's market or if the seller/builder is really motivated to sell. Always good to negotiate though.
Get Pre-Qualified with our team anwhere in the US → www.winthehouseyoulove.com/call
Can you use this technique with a VA Loan?
Yep
Great video and tool, Thank you!
Glad it was helpful! Thank you!
Kyle, @8:00 Do you have to use the same lender to do the REFI in order to get the creit back
Nope, you can use any lender
My Lender told me that the 2-1 Buydown Rate is different then just taking the daily 30 Year Fixed Rate and subtracted 2 for the first year for example, it's a separate product and they can each follow different starting rates before the buydown. Do you know if that is true?
He said they run off of two different price sheets
A buydown adds a very small adjustment to the par rate
@@WinTheHouseYouLove How small would you say? My lender said it usually tracks with the going rate and that we ran out of time on a Friday to lock the low rate he quoted me that convinced us to commit. But ever since then he said the 2-1 is tracking at a much higher rate. Like 5.5% for the first year if we were to lock it in today for example. That Friday it was 4.5%
I just recorded a personal video reply for you: vid.us/mpgzvi
Can I use the 3% that my seller is offering for closing costs towards doing the 2-1 buydown?
I just recorded a personal video reply for you: vid.us/tp64eu
Do people normally ask for this if seller won’t pay for points to buy rate down for the entire loan?
Points vs a buydown isn’t up to the seller. People should a temp buydown when they think rates will go down in the near future.
- Kyle
Get pre-qualified at www.winthehouseyoulove.com/
Yeah paying X amount of Dollars to have a lower interest rate doesn’t make sense to me because that means they aren’t giving you the lowest rate from the start.
A temporary buydown is the seller/building subsidizing your payment in the first 2 years. The note rate is always the same. The subsidy from the seller/builder lowers the payment, simulating a lower rate.
It has nothing to do with the lender offering a lower rate.
The major caveat is: “In hopes of refinancing”. What happens if rates don’t go down?
Then you have your note rate like a normal loan and got a seller credit to offset your first couple years of payment.
Interesting concept.
Where’s the pdf with the 7 ways to save money with mortgage?
You tell me
But why would the seller give you that credit. Are you paying them more than the price you agreed upon and that extra money get forwarded to back to the buyer? Like, i dont understand how this benefits the seller.
It benefits the seller in that it can make the home easier to purchase if the seller is having trouble selling it quickly. Sellers can either drop the price (which doesn't help financed buyers much) or keep the same price and offer credits (which has the same net affect to the seller)
Is there any program like to two - one by down for investment property?
I'm not familiar with temporary buydowns available on investment properties
I know this is a bit of an old video but if anyone could answer it would be helpful as I’m in the beginning stages of buying my first home. Can you combine buy down points along with the 2-1 buy down? I have a little bit saved up (around 54k across accounts) I know with my current income and very possibly using a FHA I can afford that 7%+ but if the market does not adjust how I think it will in the next 2 years. Instead of being locked at that 7 could I possibly be locked at 6.5 if I buy points as well?
Yes, you can do a permanent buy down and a temporary buy down at the same time :)
thank you for the information that's awesome information thanks sir God bless I subscribe to get more of your content
Great video…thanks
Glad you enjoyed it. Thanks for watching. :)
He is the best
Thank you!
Banks trying to stimulate borrowing any way they can. 2 years isnt enough time to "hope" for rates to drop enough to justify FEES
Buydown programs have been around for a long time. There is no fee. Like I mentioned in this video, the money is put in an escrow account. You get it back if you sell/refi. You can also just use the seller credit towards your closing costs if you want.
Thanks Kyle!
My pleasure!
You rock! Thank you!
Thanks for watching! 🤘
Aren't there "permanent" buy-down options?
Cost is 3X ish for 1 point. Context makes big difference in this case. It rates will come down in a few years then buy down the years you need, not the entire loan. That savings gets washed away when you refi at a lower rate, so the math doesn't make sense. It is a bit of a gamble as no one knows for sure when rates will come down.
Can the buyer buy it down?? Sounds like something i might wanna do myself
Yes, but it doesn't really make sense to do. You could just set aside the money yourself and make those extra payments instead of having the lender hold your money.
So can you use this for a va loan
Sure can
Would a lender use the first year interest rate for determining eligibility? I.e. if we arent eligible at 7% for the home but if we did the buydown we would be eligible at 5%?
Nevermind. I see you covered this later into the video
Average American employee: 30 year liability with a day-to-day income!
I understand that a 2/1 Buydown is good if you're expecting mortgage rates to decline soon and refinance at the lower rates, but what would happen if the total price of the home went down too? Would that screw me over somehow during the refinance?
Intrest rates are heading to 12%, the 3.7% are gone.
From the time you wrote this comment till now the government added about $700 billion in debt 😅
Why not do a permanent buy down?
I am wondering the same thing?
The cost difference is large. 2-1 buy down costs 10K - that same loan for 1 point buy down is closer to 30K. Price difference is because you are paying for the entire loan's interest, not just years 1 and 2. The idea is that if rates come down in a few years then the smarter money is to pay ( or have sellers pay) for the years you need and then refi when rates are lower without paying for buy-down points at all.
@@mortgagesmadeeasier3121Thanks for explaining that. But if prices go down a bit or you don't put 20% down or change jobs ( income changes) then you might not be able to refinance? That would scare me. I would rather get the lowest 30 year fixed that I can get the seller to pay. But your explanation makes sense.
Thank you!!!
@@mortgagesmadeeasier3121 what's the average fee or payment to refi?
@@ewlinitis Fee's depend on where you live and loan size. Average is 2200 to 3500. Half of that is title insurance. The rest are various fee's from county etc. Most people will also add more for an escrow account ( for Taxes and insurance), but you do get a refund from your existing escrow account as well. Keep in mind that amount can be added to your loan so you can finance it. Also Make sure when you shop you request a loan estimate, not just a rate a fee's quoted from an email.
Nice
Thanks!
If you need a 2-1 buy down. You are buying too much house.
W✅
Thank you so much for watching!! :)
Why the porn mustache
🧔🤣
Can you make more advanced videos? For example on BRRRR method after rehabbing; going thru the appraisal, etc etc.
Great info! Thank you for sharing!
Thanks for the info!
Thanks for watching. :)