Posted on: 25th May, 2010 12:32 pm
My biggest question is what exactly do i have to pay when i purchase home.
Hi Ajsa,
You will have to pay a down payment of 20% if you have applied for a conventional loan and the closing costs while you plan to buy a house. You will be able to take out a mortgage on the rest of the value of the property.
Thanks.
You will have to pay a down payment of 20% if you have applied for a conventional loan and the closing costs while you plan to buy a house. You will be able to take out a mortgage on the rest of the value of the property.
Thanks.
Down payments can range from 3.500% for an FHA mortgage to higher down payments.
Some costs are fairly standard all over the country. Some costs are specific to states. You will get a better answer if you note the state in which the property is located.
Some states have a mortgage tax. Some have transfer taxes paid by seller, some by buyer, some split between the two. Can not help you unless you until you tell us the state.
Some costs are fairly standard all over the country. Some costs are specific to states. You will get a better answer if you note the state in which the property is located.
Some states have a mortgage tax. Some have transfer taxes paid by seller, some by buyer, some split between the two. Can not help you unless you until you tell us the state.
