Understanding Closing Costs

When getting a mortgage you don't just have your down payment to worry about, you also have closing costs. Closing costs can be confusing and clients can get taken advantage of if they don't understand how closing costs work. In this episode I'm going to explain and breakdown 6 different types of closing costs you'll see when getting a mortgage; origination fees, third party fees you cannot shop for, escrows, escrow account set up, title fees, and recording/tax fees.