Purchasing a home is one of the biggest purchases you’ll make, so you want to make sure you are prepared. Often times people are ready for the purchase price and down payment of a home but forget about the closing costs. The closing costs can be wrapped up into the mortgage or you can pay out of pocket for them. If you plan to pay out of pocket, that will lead to a slightly lower monthly mortgage. By paying your closing costs up front you won’t be paying interest on them for the life of the loan. So how do you prepare yourself financially for the purchase of your home?