How Much are Closing Costs? | Closing Costs for BUYER | Closing Costs (REAL NUMBERS & HOW TO SAVE)

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[basssa]

This is the best video on You tube for buying a home, especially first time buyers. She explains everything where they can't take advantage of you. Very Well Done!!

[kaileyweatherspoon]

I like the fact that she’s very encouraging of people buying homes and takes the time to fully help people understand the process.

[CrustofCreation]

This is the best video I've ever seen on closing costs. Most of them are very broad but yours is very specific.

[cosmicbrownie]

Manifesting my dream home by educating myself with your videos! My relator wasn't able to break this process down this clearly. Thank you for such an educational video!

[ShaheedahHill]

*All amounts were from an actual closing in Georgia - amounts will vary by state.
🏡Actual FHA Loan Details:
Sales Price: $222, 000
Loan Amount(After Down Payment) = $217, 979
Interest Rate= 3.25%
💰Actual Monthly Payment Details
Principal = $367.90
Interest = $581.53
Mortgage Insurance = $150.36
Homeowner’s Insurance = 111.83
Taxes = 279.61
💰Total Monthly Payment = $1491.23

[benpyeatt]

I’m in Georgia also, and I just did a very similar deal helping first time homebuyers purchase a HUD home. They got the Georgia dream Grant, and we ask the sellers to pay 3% on closing costs, which covered almost all of it. We were able to keep Cash at closing very very low. Great video here

[antheap]

Yay. I’m binge watching your videos. So our seller paid essentially all our closing cost and we will pay less than $ 1000 for extras. Also we bought a really affordable house in order to easily pay for things. Some people buy the max mortgage house just because bank will give them the loan forgetting to factor is additional cost at closing and ease of repayment.

[tigerrx]

Honestly, for someone who doesn’t own a home as yet, the loops and hoops and process to buy a house feels like a sure deterrent to buying a home. At any rate, I’m writing all this down so I can look out for them like an educated buyer in the future. Thank you so much!

[MG-wwrf]

This was THE BEST breakdown of closing costs and fees! Thank you!!

[christ]

Mrs. Hill you should make a 10 minute video that clearly explains what exactly is APR and how to calculate it. Your videos are always insightful and educational.

[kenyonbissett]

Excellent video, gotta tell you, even though I know most of it, when you where going through the numbers I got sick to my stomach.

I would also recommend people negotiate with the lender once they get their estimates. I negotiated out the origination fee and several other fees. Also some states allow closing at the title company cutting out a lawyers fees. Also make notes on all conversations with the lender and have them initial any changes. Take this to closing. I ticked the title company off because I read through my closing paperwork. I found $3, 500 in incorrect charges that the lender had agree to wave and some other fees overcharged. People input the information and people make mistakes, that’s part of life. Never sign something without reading it.

[zurken]

You’re so motivating; you really make me believe home ownership is something I can achieve!

[shipjumper]

After working at a law firm where a lot of these closing costs paperwork come from, I can honestly tell you that people pay thousands of dollars for things that take about 30 minutes to complete. Closing costs are one of those ways the government put regulations on things to do what they call create jobs and tell you that you’re protecting yourself. If people were actually able to buy a home out right the way people used to do, you can literally avoid 100% of closing costs. This is why there are barriers to contacting the seller directly, if a person uses a real estate company. This woman does a great breakdown of closing costs, and my comment isn’t meant to diminish anything she says. I just know first hand between the paperwork the law office does and the title company that was downstairs from us, you end up paying about $10, 000 or more in closing costs for a total of about 1.5 hours or less of actual work being done.

[elizabethmalone]

i love how you break it down so regular ppl can understand!!! i love all of your videos!!!!

[PKerusso]

Wow, buying a home sounds like somewhat of a scam. All these fees sound very unresonable.

[oluwabunmiolatunji]

You are the best teacher. I wish you live in the DMV (DC, MD VA) area. I would have find you. Thank you for taking your time to explain all this info.

[victormayorga]

Girl I binged about 50+ videos on closing costs, lending etc. This is by far the most detailed and easily followed video I came across. 🙌🏻

[CLCCOTTON]

THANK YOU FOR THIS VIDEO! I am closing this coming Friday March 22, 2024. I know u did this video 3 yrs ago, BUT this is helpful. I been binge.watching all of your videos

[wurlitzergroup]

Shaheedah put a lot of time and effort into this and I am impressed. Good explanation of all those "junk fees" associated with loans, and my takeaway is, whomever bought this house got hosed :-)

[vivianaviera]

I have watched about 20 videos talking about different perspectives on first time home buyers including first time home buyers testimonials and also realtors, and none of them covered the closing costs as well and as detailed as you did.. Thank you so much! You where so informative I apreciate it so much.. 🙌🙌👏👏