Closing Costs Explained for First Time Homebuyers

On this episode

About this episode

Nearly 90% of aspiring buyers are surprised by their closing costs, so learn how to plan for them and skip complications at the closing table. Closing costs feel vague because you won't get your exact number until 3 days before you close, but you can still plan for them with confidence. You'll learn what makes up your cash to close, the difference between non-recurring and recurring costs, and the simple 3% savings rule that keeps you prepared. Then discover the little-known 5-to-7-week mortgage payment holiday after closing, and why in today's market you may be able to get the seller to cover your closing costs entirely. "You cannot and will not get the exact number until 3 days before you…