When purchasing a property, everyone knows you need a down payment, but many people don't realize that in addition to your down payment, more funds are needed to cover your closing costs. Closing costs are fees that can include title insurance, tax and utility reimbursements, land transfer tax, and miscellaneous smaller fees for services like notaries and wire transfers. If you are getting a mortgage, your lender could also charge appraisal, underwriting and application fees. How much... [read more]