Pratique du Shadowing: HOW MUCH Does A HOUSE REALLY COST? // HIDDEN FEES of Buying a Home - Apprendre l'anglais à l'oral avec YouTube
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So you're thinking about buying a house,
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So you're thinking about buying a house,
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but you're completely overwhelmed and intimidated because you don't know how much it actually costs you.
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You hear all these big terms like down payment,
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closing costs, you think about hidden fees there could be that no one's telling you about.
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So what is the scoop and how much does buying a house actually cost you?
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That is what we're going to be talking about today.
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So as always, before I get into things,
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I want to encourage you to subscribe to our channel give us some thumbs up
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and just give us some feedback on what you want to hear
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because that's how we make videos
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and how we learn what you want to hear about all
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right let's get into it how much does it actually cost
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you out of pocket to buy a house of course with most things there's no easy black
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and white answer this answer will definitely vary depending on your loan type the price of your home
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that you're buying the size of the home that you're buying, things like that.
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So do keep that in mind as I go along with this.
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So I will start at our highest out-of-pocket expense
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and kind of work our way down to these smaller things that you may not be thinking about.
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But obviously your biggest out-of-pocket expense is the thing everyone knows about and that is your down payment.
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And like mentioned before, that will vary depending on your loan type.
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There are loans that have a no down payment,
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which is your RD loan, your VA loan.
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And then you have other loan types
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that have a minimum down payment of three
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and a half percent for your fha loans
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and then a conventional loan is a minimum of three to five percent depending on stipulations like
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if you're a first-time home buyer or not obviously you can voluntarily put more down
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or your loan may require you to put more down to
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get your debt to income ratio down some that's getting into a can of worms But you can put 10% down,
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20% down to avoid PMI.
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But either way, that is probably going to be your biggest,
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depending on your loan type, out-of-pocket expense to expect.
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Your next out-of-pocket expense could also be your biggest,
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depending on your loan type,
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but it's your closing costs.
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And that is a vague term that not many people know about going into buying a house.
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That's why it's good to sit down with a lender beforehand to know all of these things.
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But your closing costs have a breakdown of some title work,
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your loan origination fees, It also includes your prepaid,
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which is your property taxes and insurance
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if you have to pay them up front when you close or if they're prorated throughout the year.
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But it's a breakdown.
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It usually comes to be about three to three and a half percent of your sales price.
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So the fluctuations there are if it requires a little more insurance,
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if your property taxes are high.
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But oftentimes if you're shopping around for lenders,
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you can get a breakdown of what closing costs estimated could be
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based off of their loan origination fees and title work
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and stuff like that but three to three
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and a half percent of the sales price is what you
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can count on your closing costs to be your next fees
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are kind of getting into those smaller things you may not be thinking about
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but your appraisal and your appraisal may actually be bundled into your closing cost estimate that a lender gives you
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oftentimes it is not so make sure you check with your lender on
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that but an appraisal is required
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if you are getting a loan your lender is automatically going to be needing
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that and that's around 500 or so that will be taken out
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and be due before closing because it's a third party that's doing it
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and they have to be paid for it
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so check with your lender to see
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if that's going to be included in your closing costs
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but otherwise you do have to pay out of pocket for that before you close and that's around $500.
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Last up is your home inspection and although
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that is voluntary it is absolutely encouraged
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and yes you can imagine the price of a home inspection
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will absolutely vary depending on the size of house the age of house
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if it's raised or if it's on a slab
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if it has multiple ac units if you need a wood destroying insect report
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so you can see how how there's a wide range there.
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For a first time home buyer,
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if you're looking at a house that's around,
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I don't know, 1,300 to 1,700 square feet or
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so just on a slab just kind of a normal house
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you are looking at probably around 300 to 400 dollars for a home inspection of course you can see how
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that would go up if an inspector needs a crawl under
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or if it has multiple AC units to inspect so yeah
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that is one of the smaller fees
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but it is one of the most important fees
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because it helps determine if you are going to be moving forward with the house.
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So you can, for the first time homebuyers around that age and size of house,
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I would count in between $300 to $400.
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So I hope this made things a little more simple for you,
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a little more mentally manageable.
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Of course, you won't know firm numbers until you sit down with a lender
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and know your loan type and your options there,
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as well as work with a realtor to nail down your house
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and you know your price point and size and all that.
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So if you need any lender recommendations,
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the San Jesucro Group has lots of them.
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We're happy to help you there.
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and of course if you are looking to buy
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and you want to get a little more in-depth process
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and to learn how that goes reach out to us we'd be honored to help out
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so let us know in the comments any experiences you've had
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with buying any expenses you think i may have missed
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and of course subscribe give us some feedback and we can't wait to see you next time
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About This Lesson
In this lesson, you will practice listening, speaking, and understanding key concepts related to the expenses involved in buying a house. The focus will be on important terms such as "down payment," "closing costs," and "hidden fees." By immersing yourself in the content, you will gain insights into the financial commitments of home buying while enhancing your English skills. This practice will help you learn how to articulate complex financial information clearly and confidently.
Key Vocabulary & Phrases
- Down payment: The initial amount of money paid upfront when purchasing a property.
- Closing costs: Fees and expenses paid when finalizing a real estate transaction.
- Hidden fees: Additional charges that may not be immediately obvious during the home buying process.
- Loan type: The specific kind of financing obtained for purchasing a property, which can affect costs.
- Property taxes: Taxes assessed on real estate by the government, often due at closing.
- Mortgage insurance: Insurance that protects the lender if the borrower defaults on the mortgage.
- Loan origination fees: Charges by the lender for processing a new loan application.
Practice Tips
To effectively use the shadowing technique while watching the video, follow these steps:
- Start slow: The video's natural pace may be fast for beginners. Play it at a reduced speed (0.75x) to clearly hear each term.
- Focus on tone: Pay attention to how the speaker emphasizes important words and phrases related to costs. This will aid in improving your English pronunciation.
- Repeat aloud: Join in as the speaker explains concepts. Repeating phrases like "down payment" or "closing costs" will help reinforce your understanding and improve your shadow speech.
- Use a shadowing site: If available, use a shadowing tool or website to time your practice with the video. This can help synchronize your speaking with the original speaker, enhancing your fluency.
- Record yourself: After practicing, record your own voice while explaining the concepts. Listening to your recordings will allow you to identify areas for improvement and track your progress.
By incorporating these tips, you will not only boost your comprehension of financial vocabulary but also effectively learn English with YouTube as a valuable resource in your language journey.
Qu'est-ce que la technique du Shadowing ?
Le Shadowing est une technique d'apprentissage des langues fondée sur la science, développée à l'origine pour la formation des interprètes professionnels. Le principe est simple mais puissant : vous écoutez de l'anglais natif et le répétez immédiatement à voix haute — comme une ombre suivant le locuteur avec un décalage de 1 à 2 secondes. Les recherches montrent une amélioration significative de la précision de la prononciation, de l'intonation, du rythme, des liaisons, de la compréhension orale et de la fluidité.
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