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First Time Home Buyers Beware of Lesser Known Fees: Minnesota, Illinois, Wisconsin and Florida

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The average first time home buyer feels that they understand enough about a home purchase that they can
anticipate unexpected costs. However, the down payment and any necessary closing fees are just the tip of the
iceberg. Buyers need to consider the following items to see if their budget will allow for these costs.

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First Time Home Buyers Beware of Lesser Known Fees: Minnesota, Illinois, Wisconsin and Florida

  1. 1. HOME ABOUT US MORTGAGE PROGRAMS REQUEST CALL BACK TESTIMONIALS CONTACT US SUBSCRIBEAIMaN ABOZEID First Time Home Buyers Beware of Lesser Known Fees To search, type and hit enter by A I MA N A B O Z E I D on J UL Y 2 1 , 2 0 1 1 · 0 COMMENT S CONNEcT WITH ME: Follow @MadisonLoansWelcome to my mortgage blog. Myname is Aiman and I am the BranchManager at Inlanta MortgageMadison office. I have been servingthe state of WI and Madison areafor over 13 years. Inlanta Mortgagehas emerged as one of the leadersin mortgage banking by focusing ondeveloping relationships andcreating a "value" for each customerthey service. One of my firm beliefsis handling each customerindependently of the next, providing 1knowledge, accountability, andexceptional service. Like 2 likes. Sign Up to see what your friends like.NMLS ID #237450 TESTIMONIaLS The average first time home buyer feels that they understand enough about a home purchase that they canEmail Me I have worked with Aiman for the anticipate unexpected costs. However, the down payment and any necessary closing fees are just the tip of the past ten years. Every transaction isToll Free: 877-240-5810 iceberg. Buyers need to consider the following items to see if their budget will allow for these costs. done professionally. Aiman always has the best interest of his client Multiple Deposits first and foremost. A family man, Most buyers will review a lot of homes. And they will likely fall in love with multiple homes and put down several kind, honest, professional and knowledgeable can best describe offers. For each offer the potential buyer is required to pay a deposit that creates a binding contract. The deposit him. I know firsthand that while amount can be as much as $3,000 per home. If a young couple made offers on 4 different homes this could be representing a client he goes theCaTEGORIES $12,000. extra mile. Need an experienced
  2. 2. professional, call Aiman. I haveArticles recommended him to my friendsConventional Loans and professional acquaintances. — Christine ReichertFHA Mortgage Minor RepairsFirst Time Home Buyer Many homes need a few minor fixes in order to make the new owner happy. Replacing a light fixture, repainting theJumbo Loans living room, or repairing a few broken windows is not uncommon.  Depending on the severity of the repair work, the SUBScRIBEMortgage Rates total price could be significant. Entries (RSS)News and Updates Subscribe to Email Updates New FurnishingsNo Money Down Most homes are sold unfurnished. The number of rooms as well as the size of the rooms will dictate how muchRefinance furniture is needed. However, it is safe to say that a young couple moving from a two bedroom apartment into a HOME PaGEUSDA Rural Housing three bedroom home with two full baths will need quite a number of items to make the house comfortable. Home PageVA Mortgage Yard and Home Maintenance MORTGaGE PROGRaMS A new home will require maintenance. The grass will need to be cut on a regular schedule. If the home has gutters,ARcHIVES 40 Year Mortgage they will need to be cleaned out on a schedule as well. For people in the colder climates snow will have to beApril 2012 Cash Out Refinance removed from driveways and walkways.March 2012 Fannie Mae DU Refi PlusFebruary 2012 For additional program information, visit our first time home buyer page on our main site. FHA 203k MortgageJanuary 2012 FHA MortgageDecember 2011 FHA to FHA RefinanceNovember 2011 First Time Home BuyersOctober 2011 You might10 also like: 10 2 2 Freddie Mac Home PossibleSeptember 2011 Freddie Mac Open Access RefinanceAugust 2011 Government LoansJuly 2011 HARP Fannie Mae & Freddie MacJune 2011 Interest OnlyMay 2011 Jumbo LoansApril 2011 FHA, VA and Rural Items to Consider for Lender Paid Mortgage InsuranceMarch 2011 Housing Loans First Time Home Less Than Perfect CreditNovember 2010 Wisconsin no down Buyers payment home loans First time home buyers My Community MortgageJune 2010 enable those who have or people who have not been able to save for either lived at home or No Money Down ProgramsApril 2010 ... rented for a few ye... RefinanceFebruary 2010 Reverse MortgagesJanuary 2010April 2008 Article by Aiman Abozeid USDA Rural Housing I am the Branch Manager at Inlanta Mortgage Madison office, I have been serving the state of WI and VA Loans Madison area for over 13 years, starting first with First Wisconsin Mortgage and now merging with Inlanta VA to VA RefinanceREcENT POSTS Mortgage I have focused my attention in providing my customers with a easy, painless loan process. Inlanta Mortgage has emerged as one of the leaders in mortgage banking in the Madison area by focusingUSDA Can Be the End of the on developing relationships and creating a "value" for each customer they service. One of my firm beliefs is Tagged as: Addison First Time HomeRenting Cycle handling each customer independently of the next, providing knowledge, accountability, and exceptional service. Inlanta Buyer Mortgage, Appleton First Time incorporates each of these characteristics in maintaining their business strategies and insuring future customer loyalty. By Home Buyer Mortgage, Aurora First TimeJumbo Mortgages are Benefiting working with me, you have the ability to experience a processing system right here in Madison, yet get the benefit of many Home Buyer Mortgage, Barrington First Time Home Buyer Mortgage, Barringtonfrom the Low Mortgage Rates different lenders and the niches they serve. Local service means quick decisions and closings that will happen on time. Since Hills First Time Home Buyer Mortgage, buying a home is one of the most important decisions of a person’s life, I have to make sure its a smooth and enjoyable Bartlett First Time Home Buyer Mortgage,
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  4. 4. http://t.co/aBFHqAu4 ▸ Top stories todayvia @MortgageMinute @OnDeckCapital2 days ago Send Copyright 2012 www.MadisonMortgageguys.com All rights reserved. Terms | Privacy Policy | Licenses | Contact Us INLANTA is a trademark of Inlanta Mortgage, Inc.
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