How to Recognize 9 Hidden Costs Most Pittsburgh Home Buyers Don't Even Know About
Get ready to learn about the miscellaneous expenditures
you'll encounter during the Pittsburgh home buying process. Fill
in the form below to receive the report that uncovers
the nine most overlooked costs home buyers miss.
1.) Taxes, Taxes, Taxes
Think April 15th is the only day of the year you need
to worry about taxes? Wrong. Taxes are an integral
part of homeownership. Property taxes from the state,
county and local tax authorities will be assessed
from you as a homeowner. Most lenders will create
what is called an 'escrow' account. This account will
have part of your mortgage payment added to it each
month. This money is used by the lender to pay your
property taxes and homeowner's insurance when they
are due. Make sure you ask the lender what your PITI
will be, not just your home loan principal and interest.
This total monthly payment (PITI) figures in your
principal, interest, property tax and insurance fees.
Land transfer taxes are also a consideration. In Pennsylvania,
this tax is assessed when property changes hands,
and can typically be from one to tow percent of the
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