Quote:
Originally Posted by MPowerKai
your closing cost will be roughly 5k.
Please remember you will also have a lot more bills, house insurance for one and when things break you need to fix them.
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but like I said, based on the type of loan he gets and what programs he qualifies for he can have all his taxes and insurances(home owners, flood) paid by the lender then held in escrow so he just repays it through his monthly mortgage payment.Also, like Drew said, its good to have a nice down payment when purchasing a home and a good credit score, it makes things a lot easier.