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BREAKING DOWN THE REAL COSTS OF PURCHASING A HOME

Home ownership has several advantages over renting, including lower monthly payments, deductible mortgage interest, and the accumulation of equity. But there is a definite price to pay for these benefits, including the expenses we detail here.The biggest spend is your initial equity. There are two costs that constitute the beginning equity in your home. The first is earnest money, typically $500 to $2,0001 , that ensures your commitment to the deal. You can get a refund if the deal fal
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