Often, new homebuyers know they will need a down payment and some closing costs, but they forget about some of the other costs. This can throw your entire budget into turmoil. Here are some of the home-buying costs you don't want to forget about when you budget.
When you get a mortgage, you may need an escrow account for the taxes and mortgage insurance. This isn't always required, but if it is, you may have to pay some money up front to get this started.
You may need multiple inspections before you buy the home, but at least a basic home inspection will be necessary. It will help you to see what might be wrong with the home and what you may be missing. You may need a pest inspection and a radon inspection,…