home buying mistakes: Avoiding Unexpected Expenses When You Buy Greenville NC Real Estate
- 10/27/11 04:25 AM
If you are a first-time home buyer, you have learned through the loan qualifying process some basic real estate terms and caveats. You understand the meaning and importance of PITI and know that your mortgage payment should not exceed 33% of your income. What you may not realize, however, is that there are many hidden costs associated with the purchase and ownership of Greenville NC real estate.
Maintenance, repairs, supplemental insurance, additional taxes, home improvements, and decorating can add up to thousands of dollars more than you expect. And then there’s your moving expenses, closing costs, home association dues, trash collection … (0 comments)
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If you are a first-time home buyer, you have learned through the loan qualifying process some basic real estate terms and caveats. You understand the meaning and importance of PITI and know that your mortgage payment should not exceed 33% of your income. What you may not realize, however, is that there are many hidden costs associated with the purchase and ownership of Greenville NC real estate.
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