Listening Time: English Practice cover image

Listening Time: English Practice

English Listening - Buying a House

Sep 4, 2023
Explore the process and costs of buying a house in the US, the importance of practice in understanding native speakers, types of mortgages and down payments, the role of real estate agents, tips for better sleep with Sleep Number, and the expense and hidden fees of buying a home in Southern California.
33:17

Podcast summary created with Snipd AI

Quick takeaways

  • When buying a house in the US, most people need a mortgage, which can be a conventional loan or a government-backed loan with a lower down payment.
  • Owning a home in the US incurs additional costs such as property tax, homeowners insurance, HOA fees, and maintenance expenses.

Deep dives

Types of Mortgages and Down Payment

When buying a house in the US, most people need a mortgage, which is a loan specifically for houses. There are conventional mortgages, which are ordinary loans, and government-backed loans, where the government ensures the loan. The down payment, the upfront money needed to buy a house, is usually 20%, but it can be less. However, if you put less than 20% down, you may have to pay mortgage insurance.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode