Articles about Homebuying Saving for the Down Payment: Remember, too, that the down payment is not the only up-front expense. An allowance for closing costs should also be included in your savings budget. How much is required? Private mortgage insurance: Gifts: Earnest money: Don't forget closing costs: Some buyers are surprised by the amount of the closing costs, which can easily run into the thousands of dollars. Remember, though, that closing costs can be negotiated with the seller. For example, you may agree to pay the full asking price in exchange for the seller paying all the allowable closing costs. Check with your lender concerning restrictions and limitations on the seller's contributions to your closing costs before entering into an agreement. |
Expert Scottsdale Realtor
Mark Mashal's service expertise included Single Family New Homes, Resale Homes, Patio Homes, Townhomes, Condos. Mark has helped in the Relocation of real estate for individuals all over the world in the past 7 years. Additionally Mark has helped first time home buyers in negotiating their first dream home!
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