Most people know they will need to save for a down payment when buying a home, but there are other expenses you should be prepared to cover. Closing costs and fees typically tack on an additional 2% to 5% on top of your loan, according to financial advisor Winnie Sun. Watch this video to learn about the other costs you’ll need to be prepared for when purchasing your first house.

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Wed, Jul 22 20207:45 AM EDT