When buying a home, many people do not realize they will be responsible for the downpayment on a home AND for closing cost. Closing cost consist of several fees associated with the the purchase of a home that can range from 2-7% of the price of a home.
Does homeownership really provides tax benefits? For recent first-time homeowners buying a home usually is a thrill to start with , but one of the unplanned joys of buying a home is file taxes the following year. Many homeowners are shocked by how many tax deductions they can now claim.