VA Loan Closing Costs, Unallowable Fees and Seller Concessions

VA Loan Closing Costs, Unallowable Fees and Seller Concessions. ZeroPlus Mortgage: Saving Our Clients Thousands When Buying A New Home

VA Loan Closing Costs, Unallowable Fees and Seller Concessions video duration 6 Minute(s) 15 Second(s), published by Veterans United Home Loans on 27 09 2016 - 19:44:31.

Every mortgage comes with closing costs and related expenses
Luckily for veteran and servicemembers borrowers, the VA puts a limit on what buyers can pay Welcome to the LAST session of the home buying course
We've done everything (nearly)
Now we are going to find out about closing costs
WHAT ARE .

. Loan origination fees may be charged when getting your mortgage
Often times, they are charged to cover a lenders overhead, i.e
employee salaries, ZeroPlus Mortgage: Saving Our Clients Thousands of Dollars! The real estate market is hot! Lender fees are NOT! Typical lender fees on a $500000 loan .

Every mortgage comes with closing costs and related expenses. Luckily for veteran and servicemembers borrowers, the VA puts a limit on what buyers can pay in closing costs.

Who pays what in VA home loan closing costs and concessions is always up for negotiation and will differ from lender to lender. Real Estate Expert Samantha Reeves introduces you to the types of closing costs you can expect to pay, what the VA doesn't allow you to pay, and what is up for negotiation.

Time Stamps
0:32 - Negotiation
0:59 - Origination Charge
1:21 - Appraisal Fee
1:40 - Title Insurance
2:04 - Discount Points
2:27 - Property Taxes & Homeowners Insurance
2:44 - Daily Interest Charges
3:09 - Recording Fees
3:26 - Homeowners Association
3:33 - Ask Seller to Pay Closing Costs
4:54 - Estimation of Closing Costs

Learn more: https://www.veteransunited.com/education/homebuying/closing-costs/

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