If you’re preparing to buy a home, you’ve probably been saving up for the down payment and other closing costs. But if that nest egg can only get you through so much.
| NerdWallet
A home inspection identifies repairs the house needs now or eventually, giving some indication of the expenses you could be taking on. “I rarely talk to a client who, in their first year of homeownership, hasn’t had a big unexpected repair or replacement,” Miller says. New homeowners may not have enough equity to borrow against, taking low-interest home equity loans and lines of credit off the table, Miller says. Without them, inexpensive financing options are limited.
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