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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Tuesday, May 09, 2006

Budgeting to Buy a House

When purchasing a home most people focus on the mortgage payment they have to make each month. However, many overlook the cost of property taxes, impact fees, association fees (if you are buying a condo), and closing costs. You need to look into the costs of these things or if they apply to what you are buying. Overlooking these costs in addition to other costs related to buying a home can put you at a major disadvantage at the beginning of your homeowning experience.

Look into these fees and make sure that if you are responsible for paying them that you have the money to pay them.

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