Transfer Costs – Everything Home Buyers Need To Know
Unless you have had prior experience buying or selling a home, the ancillary costs will probably surprise you. Failing to factor them while availing of a home loan can cause unwanted stress and put you in a fix.
Taking the plunge to buy a house is an exciting journey. Going through many options and then settling for a dream home is often something we look forward to.
But given the intricacies of additional expenses, also known as transfer costs, it is imperative for us to plan to ensure that our home loan eligibility and home loan interest rates are in check.
What are transfer costs?
Transfer costs is a term that encompasses all the additional expenses incurred while transferring a property. In most cases, it is advisable to keep a buffer of up to 10% of the purchase cost to ensure that yo...