Mortgage Mike Helps | How Much Are Your Buyer's Closing Costs?

Link to YouTube Video Episode: https://youtu.be/IHFbslUCPQY

Are you puzzled by the term "closing costs" when buying a home? You're not alone.​

In this enlightening video, mortgage experts Brendan and Mike Riley break down the components of closing costs, helping you understand what you're paying for and why. They discuss factors that influence these costs, such as the closing date, homeowner's insurance, HOA dues, and title fees. By the end of this video, you'll have a clearer picture of the expenses involved in closing a mortgage deal and how to prepare for them.

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00:00 - Introduction Brendan and Mike Riley introduce the topic of closing costs in mortgage deals.​
00:10 - Common Questions About Closing Costs Discussion on the frequent inquiries from buyers regarding the specifics of closing costs.​
00:30 - Importance of Closing Date Explanation of how the chosen closing date affects the amount of prepaid interest.​
01:20 - Role of Homeowner's Insurance Insights into how the type and condition of the home influence insurance costs.​
02:30 - Impact of HOA Dues Exploration of how Homeowner Association dues and transfer fees can vary and affect closing costs.​
03:35 - Title Fees and Unknown Variables Discussion on the unpredictability of title fees and their contribution to closing costs.​
04:30 - Estimating Closing Costs Strategies for providing accurate estimates to clients and the importance of professional guidance.​
05:10 - Conclusion Final thoughts on the complexities of closing costs and encouragement to seek expert advice.​

Don't let mystery fees wreck your budget—arm yourself with the facts so you can close with confidence and protect your financial future.
📧 Email Us: mike.riley@supremelending.com