What is Closing Cost?

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— DISCLAIMER —
Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed in all 50 states with the Dan Frio Team at Allied First Bank (NMLS 203463), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. Allied First Bank is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency.
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yes, it is so crazy here in the Puget Sound that the buyer is paying 100% of those closing cost. Now it is a crazy time in the mortgage business.

Copycatcarnivore
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So then when a seller agrees to pay the closing costs, they really are only paying A PORTION of the closing costs not the entire closing costs?

greenfly
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If I want to buy a house do I have to provide my annual income? If I got pay in cash, how am I supposed to provide that?

USA_lifeStyle