Upfront costs of buying a home: What you need to save for

Article by Erik Martin | The Mortgage Reports
​Featured Expertise by Jason Gelios

What costs do you pay upfront when buying a house?

Many home buyers only think about the down payment when they’re saving for a house. But you’ll also pay a slate of upfront fees (known as “closing costs”) on your purchase.

The actual amounts needed for both the down payment and closing costs can vary by a wide margin. The good news is, you have a lot of control over what you’ll pay.
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If you understand your options and choose your mortgage wisely, you can seriously minimize your upfront costs when buying a home.

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