When you calculate how much you will need to purchase a home you will add up the down payment and closing costs. It is also a good idea to leave yourself with some financial cushion to cover the incidental expenses associated with moving.

First, you will have to pay the moving company unless you can find friends with strong backs who will help you. Then many buyers plan to do some work, such as painting, replacing carpet, or refinishing floors. If you are moving into a larger space, you may find yourself making some major furniture purchases within a few months of closing.

A financial cushion is important enough that some lenders require buyers to have an amount in the bank equivalent to two or three months mortgage payments. This is especially true for buyers who are putting less than ten percent down. Your real estate agent can give you guidance. A lot depends on your overall financial situation. If your mortgage is a relatively low percentage of your monthly income, you will be able to rebuild a comfortable amount of savings in a few months.

	See All Tips In The "Financing Your Home" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Kate Visser
Coldwell Banker Chicora Real Estate
3938 Highway 17 South Bypass
Murrells Inlet, SC 29576
Phone #: 843 543 1642
800 451 0115
843 357 5260
Fax #: 843 357 5265
Email: katevisser@NUMBER1EXPERT.com

With over 17 years of real estate experience in three states: New York, Missouri, and South Carolina - I, specialize in representing buyers and sellers in the purchase and sale of homes and condominiums in golf course and gated communities as well as waterfront properties and land for future development in the coastal region of South Carolina. Specifically I work in an area known locally as the Waccamaw Neck (or Lowcountry). Be sure to check the, "Local Information" section of my website for details about this magnificent area. It is my responsibility to provide exceptional service and to have market knowledge for my clients. Knowing that the process of buying or selling a home is filled with potential opportunities and pitfalls, I strive to anticipate the unexpected to ensure that there are no surprises in even the most complex transactions. Please take a moment to read my clients comments.

KateVisser.com is brought to you by Kate Visser
NUMBER1EXPERTS™ in real estate for Pawleys Island, Murrells Inlet and Myrtle Beach, South Carolina, Golf Course Communities, Waterfront, Luxury Homes

Read Kate Visser's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge