11 mortgage mistakes that most people make
DEC 13, 2017 AT 01:48 AM
9. You don’t take into account the closing costs
There are certain expenses connected to closing out the mortgage contract with a company. For example, it can be a paid home inspection, lawyer services, or additional taxes which appear when you finally own the house. You’ll also pay for new property insurance and several other ongoing costs. If you don’t put these costs into consideration, you are likely going to pay almost twice the possible amount.
Think about these additional costs early. Find a lawyer, compare insurance rates, or conduct consultations with the tax office. If you follow these steps, you can avoid paying up to 50% of those expenses that appear at the closing out of a mortgage contract.