will i have to come up with: How Much Money Will I Have to Come Up With When Buying a Home?
- 03/06/17 12:31 PM
Setting back enough money is a crucial part of buying a new home. Below is a summation of the costs associated with closing a deal.
Earnest Money DepositEarnest money deposits are used to ensure the seller that the prospective homebuyer is serious about their offer. The deposit amounts vary, but are usually around 1-3% of the home’s purchase price. If the sale goes through, the deposit is added toward your downpayment. In the case that you back out unexpectedly, the money is lost to the seller.
Down PaymentDown payments are the most expensive up front costs when buying a home. Some lenders will … (1 comments)
|
|
|
|
;)
;)
;)
