Uncovering the hidden costs of home buying (1:44)

Video Summary: 

Would-be homebuyers know how important it is to save money for a down payment. But many don’t realize—or account for—the other costs and fees that come with purchasing a home.

Narrator:
Okay, so, not counting your down payment, what are some of the fees throughout the home buying process?

Male:
Umm…the…the…

Female:
Something to do with, like, the contracts.

Female:
I don’t even know.

Female:
Yeah, I mean, we had an inspection.

Male:
An inspection, if you choose to do that.

Female:
Okay. I should have been listening.

Female:
Yeah, I remember we had to write checks for…um…

Female:
Appraisal, yes.

Female:
Yup and the points. And all that jazz.

Female:
And…

Female:
I had fees for the attorney.

Male:
Title search. There was a lot.

Female:
Oh no!

Male:
Inform me know. [Laughs]

Male:
Yeah, this is knowledgeable. Thank you for doing this. Yeah.