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Sunday, March 13, 2016

Budgeting Closing Costs When Purchasing a Home.

This is a good video discussing additional costs above and beyond the downpayment required.  As a general rule, I always advise my clients to have a minimum of 1.5% of the purchase price of the home on hand in cash, in addition to the downpayment amount they have told the lender they have.  This does not include the Land Transfer tax (calculator here: http://landtransfertax.com/).

For my video on how much money you need to buy a home, check out: https://youtu.be/tKPeb5iySP0

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