What goes into Closing Costs? Do you need more than a Down Payment to Buy a House? How do you Qualify for a Mortgage Loan? How much money should you save to Buy a House?
Chase Hansen, a Realtor serving the Dallas Fort Worth area in Texas, explains what goes into buying a house, from common Mortgage Standards, to Closing Costs Specifics, to Next Steps for people with the goal of buying someday. Chase is not a lender or financial advisor, so be sure to seek additional advice when you are making financial decisions for your family, but as a Real Estate agent he sees the inside of home purchases all the time and offers professional insight into the common standards and costs home buyers face as they purchase a house.
In the first section of this video, Chase shares a major mistake many people make in the housing market: assuming they know enough and not seeking professional help, leading to big mistakes and costs. Then Chase explains the common standards for mortgage prequalification. In the second section of the video, Chase gives 3 case studies for home purchase costs at multiple different down payment amounts. In this he explains what makes up the final closing costs and what to expect financially when buying a house both for up front costs and monthly payments. In the final section, Chase gives a few next steps for those hoping to buy a house at some point and how to set themselves up for success as a future home buyer.
Contact Me!
If Chase can help you with any home needs in the Dallas-Fort Worth Area in Texas, or answer any other questions for you - just reach out:
Email: chasehansen@remax.net
Insta: HansenRealtorsDFW
00:00 How Much Does it Cost to Buy a House?
01:09 Common Mistake in Home Buying
03:10 Mortgage Qualification
06:15 Closing Cost Explanation
07:13 5% Down Payment Breakdown
10:41 10% Down Payment Breakdown
12:29 20% Down Payment Breakdown
14:07 Next Steps
17:25 Thanks For Watching, Let's Connect!
