emd: Down Payment vs Earnest Money vs Closing Costs
- 10/14/21 12:15 PM
All the saving and self discipline is finally about to pay off, because you are ready to buy your first home. All of your research told you that you would need 5-10% of the home price to put down on the property. It took a lot of time, you are sure that you’ve saved enough money, but is it really enough? Everyone talks about the down payment, but there’s more to it than that. You will also need to consider the amount of money you will need for closing costs. Before you get discouraged, let’s dig a little deeper.