Costs Associated With Buying a House - Appleton WI

Are you considering buying your first house? Sick of Renting? Just Married? Relocating with your family? These are all reasons why individuals are motivated to purchase a home in today's economy. However, very few Realtors go over the costs associated with buying a house . In this blog post I am going to go into detail on all of the costs you will encounter as a new home buyer. 1) Closing Costs Some banks or mortgage lenders have a flat fee for what they charge when it comes to closing costs. I know a few banks in the community are somewhere around $650 to generate the loan. But in addition to the $625, you will have another 1% in title insurance costs you will need to pay. Along with setting money into an escrow account for taxes, insurance, & other misc items. Roughly speaking closing costs amount to about 2-3% of your loan amount. Note: You can have the seller pay your closing costs! 2) Inspection - I always recommend people to get a home inspection & that will...