When you see that sign on a house, check out the listing online and find out that the sell price is $250,000 - keep in mind that there are other costs that you may have to take into consideration if you decide to buy.
Down Payment
Loan origination fees
Interest rates
Discount points
Private Mortgage Insurance
Property Taxes
Moving expenses
Inspection fees
Lawyers' fees (some states require legal representation)
Always speak with a mortgage professional; they should make it clear to you exactly what costs are involved in your transaction.
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