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Home Buying & Renting
Saving for a down payment & other costs
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Which of the following is not a part of closing costs?

Correct

Inspection fees are a separate cost from your closing fees.

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Which of the following is not a government-insured loan or assistance program?

Correct

FHA loans and VA loans are the two government-insured loans on this list.

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Key Takeaways

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When you buy a home, you have to think about more than just the sale price. But don’t worry, with a little planning and research you could know just what to expect.

  • If you can, save a down payment of at least 20% of the sale price
  • Don’t forget to factor closing costs into your home-buying budget
  • If you’re buying, get a closing-cost estimate ahead of time from your lender
  • Find out if you qualify for alternative mortgage options, and if they might be right for you