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Podcast

Mortgage calculators don’t factor all the expenses

Most mortgage calculators don’t factor all the expenses that many borrowers are likely to have to pay after they buy a home. 3 examples of expenses that many homeowners, particularly first time homeowners will face that many mortgage calculators overlook are: 1) private mortgage insurance (PMI 2) Property Taxes 3) HOA (home owner’s association) fees and monthly condominium fees.

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