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These lesser-known costs can have a big impact when buying a home

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Written by Scott Linder | Stacker

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Photo by Tierra Mallorca on Unsplash

Buying your first home can feel as overwhelming as it is exciting.

For many first-time home buyers, their focus is on saving as much money as possible to put towards a down payment. Of course, the bigger the down payment you can put down on a property, typically the smaller your mortgage will be.

But the down payment isn’t the only expense you will face when it comes to buying your first home. There are several other lesser-known costs involved in purchasing a property that you may not be aware of – and those expenses can add up quickly.

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