
Buying a Home? Here Are The Costs You Need to Know About Are you buying a home in the near future? Have you started visiting real estate websites looking at different properties in various parts of town? Maybe even calculated an estimated monthly payment? Then congratulations, you�re soon on your way to becoming a home owner. Yet you�re already aware there are costs involved when buying a home while there are little to none when renting. In order to help better prepare you for your financial journey, here are some costs associated with buying a home you need to know about. Down Payment. This isn�t a cost so much as it is a transfer of assets, but you�ll still find your bank account lightened. Most loans require a down payment of some sort so you�ll need to count those funds needed to close. There are loans that do not require a down payment, VA and USDA loans, but you will still need cash to close. Closing Costs. Closing costs are charges associated with obtaining a mortgage loan....