Beyond the Mortgage: The Real Costs of Owning a Home

Beyond the Mortgage: The Real Costs of Owning a Home

If you're considering homeownership, it's important to be aware of the various expenses that come with owning a home. Here are some of the top expenses to keep in mind: Mortgage Payment: This is typically the largest expense for homeowners, consisting of the principal and interest on your home loan. Paying down the principal faster can help reduce the total interest paid over the life of the loan. Property Taxes: These taxes are based on the assessed value of your property and can vary widely depending on location and public services in the area. Homeowners Insurance: This insurance covers damage…
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