Down Payment Vs. Closing Costs - Explained By Real Estate Investor
In today's video, I will talk about the difference between a down payment and closing cost. While these concepts are usually familiar to a lot of people, I am very aware that I have a lot of viewers who are brand new to real estate. Thus, I decided to create an episode to explain what these are, the differences, and what to expect of them. Happy learning!
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⏰ TIMESTAMPS
0:00 Down Payment Vs. Closing Costs - Explained By Real Estate Investor
0:47 What is a downpayment?
1:04 What are closing costs?
1:35 The downpayment will depend on your mortgage
2:36 The closing costs are set fees
3:04 Funds proof
4:02 The downpayment is impacted by your credit score
5:06 When are downpayment and closing costs paid?
5:26 Use credit cards for your downpayment
📄 DISCLAIMER
**DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION**