Unveiling the Difference between Cash to Close and Closing Costs

Welcome to the Vetted VA podcast. The VA Loan Your Journey Home. This is a podcast where we go beyond the surface of VA home loans. Join us every week as we team up with leading mortgage and real estate experts who've gone through the vetted VA training and vetting process. We dive into everything you need to know from your initial contemplation of buying a home. On this week's episode, we have a couple of professionals who are going to talk about some of the ins and outs and intricacies of closing costs and cash to close. Jessica Wells and Mike Ulbrich, along with Josh Lewis, are about to discuss the differences between closing costs, who they go to, how to review them, and what to expect for them in cash to close. Where should you look for further knowledge? I would highly encourage each one of you just to go search the VA lender handbook-Seller Concessions. It's in chapter eight of the V.A. Lender Handbook, and in Section five it breaks down the seller concessions, what the seller can pay for, what they can't pay for, and how that money can be used. We hope you enjoy the show. We hope you enjoy this. And if you have any other follow up questions. Let us know at [email protected]. Enjoy! In This Episode 00:00:00 Introduction 07:07 What is Cash to close 11:20 How to prepare customers 13:26 HOI requirements 15:22 Property taxes due dates 21:47 Why would someone want to make a down payment? 24:28 Box A fees 29:26 What is the advantage of buying rates down? 38:46 Escrows 45:37 How do real-estate agents make money? 47:41 Lender Credit & Gifts 51:27 Rolling closing costs in loan Engage with Vetted VA ⁠⁠⁠Nathan Knottingham on LinkedIn⁠⁠⁠ ⁠⁠⁠Christopher Griffith on LinkedIn⁠⁠⁠ ⁠⁠⁠Nathan Knottingham of Facebook⁠⁠⁠ ⁠⁠⁠Christopher Griffith on Facebook⁠⁠⁠ ⁠⁠⁠Vetted VA on Facebook⁠⁠⁠ ⁠⁠⁠Vetted VA Website⁠⁠⁠ ⁠⁠⁠The episode on YouTube⁠⁠⁠