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Home Inspection Costs - Home inspection is required to make sure that the home is in good working condition. This will serve as your protection in case there is something goes wrong with the house that would cause you to back out of the deal before buying the house.
Homeowner's Insurance Costs - This is paid for the insurance policy covering losses occurring to one's home, its contents, loss of its use, or loss of other personal possessions of the homeowner as well as a liability insurance for accidents. It's a lender requirement before you can take possession of the house.
Legal Fees - This is the consultation fee paid to the lawyer regarding the transaction.
Pest Inspection Fee - Pest inspection is required to be done in older homes to check for pests such as termites as well as mold. This is not required if you are buying a brand new home.
Points or Origination Fee - An origination fee is paid to the bank or lender for their services in evaluating, processing and approving mortgage loans.
Next: Continuation of Cost of Buying a House
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