Preparing Yourself

Not only is it recommendable to speak with a financial advisor, but if this is your first home this may help you be prepared for the initial expenses involved in purchasing a home. Those normal expenses are: earnest money, down payment and closing costs. Take a look at the following chart to get an idea of how much money you should have on hand at closing, and keep in mind that this is not including down payment.

If you are thinking that there is no way that you will have enough money to get into a home, don't worry, you can ask for the seller to cover some, if not all of these closing costs, or there may be a government grant that that you can use to help pay for closing costs or a down payment. Ask me or consult your mortgage lender to find out about current government grant programs.