04/12/2022
Here is a Home Buying Financial Checklist:
1: Closing Costs - Closing fees include items such as attorney fees, survey fees, and document preparation fees
2: Down Payment - This is the money you will pay at closing. It’s the difference between your mortgage amount and the purchase price of your home.
3:Earnest Money - This is put down before closing on a house. It lets the seller know you are serious about purchasing, as it protects the seller if a buyer backs out. If all goes smoothly, it is applied to your down payment or closing costs.
4: Insurance - Depending on your loan program and down payment amount, you may pay mortgage insurance. Homeowner’s insurance is also required.
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