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Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Unexpected Up Front Costs In Purchasing A House

This is a very informative post that you should share with the home buyers. The biggest myth for them is - 'NO CLOSING' cost mortgage means they don't need to spend anything!
Well, apart from mortgage related extra costs, there are some other costs involved in the purchase of a home.
What are they?
Here's a re-blog from George.
In my first blog on "Unexpected Costs In Purchasing A House"  I covered Closing Costs Borrowers will be required to pay at the Closing.  In this blog Unexpected Up Front Costs In Purchasing A House, I will cover costs which a Buyer normally incurs up front before the Closing.  These up front costs are not only a surprise to First Time Homebuyers, but most of the the time to Buyers who have purchased a home before as well.
Buyers are usually unaware they will have to submit money with their offer on a house.  This money is known as Earnest Money, or a Good Faith Deposit.  The money put down with an offer on a house can range anywhere from $500 to as much as 20% of the purchase price or more.  Most of the time the range I see with First Time ... more

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