Tag: True cost of buying a house

The True Cost of Buying Your First Home
Real Estate

The True Cost of Buying Your First Home

Most people dream of owning their own home, and it does offer a lot of benefits. You get some tax write-offs, you can earn yourself some equity, and you have a place that you can call your own. However, what most people fail to realize is the actual cost that comes with buying a home. Buying a house isn’t just about paying your mortgage, it’s also about including the added expenditures of owning a home, which include things like insurance, taxes, utilities, and all the things in between. Before you start house hunting with what you believe is your budget, first understand the true cost of buying a home. Mortgages Have you ever looked at houses online and notice a mortgage calculator on the page that tells you something along the lines of this $300,000 home you’re looking at will only cos...