Buying a home involves time, energy, and, most of all, money. In addition to committing yourself to mortgage payments for 15 to 30 years, you need quite a bit of money "up-front" to close the transaction that will make the house yours. There are several types of closing (or settlement ) costs and other up-front costs you should be prepared to pay.
For a discussion of different types of closing costs, what happens at closing, RESPA, keeping your costs as low as possible, and an estimate of the magnitude of these costs in a table form, click here for the "H.O.M.E.* Closing Costs" article posted on my web site.
Visit my web site for additional resources and services: http://www.lawrenceyerkes.com/
and visit BestHomes-NJ.com for the latest New Jersey Real Estate property listings (residential, commercial, multi-family, farm, land).
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