There are 7 types of loans for buying property. Each one has its purpose and specific rules. Knowing which loan is right for you is a matter of examining your future plans to the best of your ability. This includes how long you plan to stay in the property you are planning to buy and if you would sell that property when it's time to move on or hold it as an investment. Making the correct choice will result in saving a large sum of money. The 7 types of loans are:
Holding costs, with relation to real estate, are all the costs of keeping a property up and running while not using it. These costs can be calculated on properties for sale or for rent.
In the for sale instance, holding costs typically apply when the property for sale is vacant or if the seller is moving on to a property that is less costly to use.