When you buy a house the tell you the price the you have to pay each mouth but will they make the price higher

Question

i about to buy house but i dont know if they going put the price higher....cuz some times they tell the these is the price but then like 1 year later they make the price higher........can somebody help me

Answer 1

Are you talking loan costs?  That depends on whether you have a fixed-rate loan.  Even with that, insurance and property taxes will creep up over time.

Answer 2

It depends on the kind of loan you get. If it is a ARM or variable rate loan, the amount could go up. If it is a fixed rate loan, then the amount is fixed.

Answer 3

With a fixed rate mortgage, your payments will be the same each month, but your mortgage payments will also typically include property taxes and insurance, which can go up. So don't be surprised if your monthly payments go up a hundred dollars after a few years.

Answer 4

They have an asking price which is in the listing. Usually you can make a counter offer which is either accepted or rejected by the seller. If they accept then that is the price you pay through your mortgage. It is always wise to get a pre-approved mortgage so you know what price range you can afford.

Answer 5

it sure will go up every year until it is paid for

Answer 6

the monthly payment can go up only if u have a variable loan..if your loan is fixed ...payments should stay the same