Out of Pocket Expenses When Buying a Home

August 9, 2017

Out of Pocket Expenses When Buying a Home: 5 Costs To Expect

  Buying a home is an exciting journey and usually, one of the biggest investments you will ever make. Before jumping into the price tag that catches your eye, expect some out of pocket expenses when buying a home. Knowing some of these common costs up front can help you factor in extra savings for your overall home expenses. 1) Downpayment This is probably the most common out of pocket expense when buying a home that people expect. Depending on the loan requirements, you could need to put down up to 5% of the sales price. While it’s always a great idea to put as much money down as possible, the idea of a required 20% down payment isn’t necessary. […]