Photo Scanner: Closing Costs Calculator

Thursday, 8 November 2012

Closing Costs Calculator

Ask any home buyer what are their biggest worry when they bought the first home for the first time, more often than not, the answer you’ll hear is THE CLOSING COSTS FOR ON HOUSE. By that we don’t just mean finding the initial earnest deposit but the additonal costs incurred throughout the whole home buying process. To help you, we’ve gather a list of mostly unavoidable to every house buyer but sometimes hidden and therefore unbudgeted-for costs you’re likely to encounter on the path to buying your dream home. Using this list will help you to estimate the closing costs you need to set aside to meet them. After your mortgage is granted you will have to buy insurance cover on the building: your mortgage lender will insist on this to protect their investment and you will need it to protect your home against any damage. Your mortgage lender will also insist you take out life cover to ensure that your mortgage will be repaid in the event of your early death.