E111 How to Reduce Your Closing Costs

E111 How to Reduce Your Closing Costs


Average closing cost nationally = $11,250

Average closing cost in NYC = $50,000

These are big stakes. Finding savings here could cover your moving costs, renovation, or an awesome vacation (or buy some bitcoin).

We’ll cover:

  1. Comparison shop mortgages
  2. Ask the bank to waive, discount, and rebate
  3. Roll closing costs into your mortgage (Bad idea!)
  4. Ask for a seller concession

Lastly, I’ll share the big needle-moving technique that not enough people use

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