Purchasing a house is a lot like running a race. There may be hurdles that get in your way, but as long as you stay focused and know what steps are required to close, you can find the home of your dreams.
Save Enough for Closing Costs
If you’ve never purchased a home before, chances are you’ve overlooked the closing costs. They are not cheap, generally costing around 2 to 5 percent of the home value. These are just estimates though, because costs can vary depending on where you purchased the home.
Some of the most common costs you should expect to pay, no matter where you buy, include credit checks, transfer titles, notary charges, prepaid property taxes, loan origination, commitment and processing fees, and lender’s inspection fees just to name a few.Read more from this blog. http://bit.ly/2rGH8ZQ
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