When you buy a house, you know the price of the house and the percentage you plan to put down, but what about additional costs? How much money will you actually have to bring to the closing table? The answer can vary depending on many factors. For example, sometimes a seller will pay for a portion or all of a buyer’s closing costs. Regardless of who covers the expense, it’s important to know what’s being paid. 

Private mortgage insurance is required by most lenders if you put less than 20% down on your home. Many people have an aversion to this extra cost, but you shouldn’t be scared of PMI!

How to prepare before you apply for a mortgage.

You’ve focused all your energy on finding the right home or the right deal and winning the contract — and you’ve done it! What happens next? Take a look at this timeline that details the typical process for residential properties under contract in Texas.