Buying a house is an exciting time in your life regardless of if you’re a first-time home buyer or purchasing your fifth house. There are a lot of things to consider when buying a home like location, how many bedrooms you need, if are you looking for more storage space, if a yard is important, etc. While purchasing a home is a process, we feel that it is important to understand the upfront costs as you begin the process to help eliminate any surprises.
To start, it is important to understand these costs are going to be separate from your downpayment. For example, if you’re preapproved for $350,000 and plan to put down 10%, the total amount that you are paying is $35,000 (10% of your loan) plus the following costs. It is also important to note…
