Home buying: Fantasy vs Reality (what every potential buyer should know)!
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If you have fantasies of owning a home, here are the realities: You're essentially still renting. Your landlord is the bank that holds your mortgage. You pay 'em every month, PLUS interest. You'll have a balloon payment once a year when your property taxes come due. This can amount to tens of thousands, but nobody prepares you for this expense when ya buy a house.
Home buying: Fantasy vs Reality (what every potential buyer should know)!
Home buying: Fantasy vs Reality (what every…
Home buying: Fantasy vs Reality (what every potential buyer should know)!
If you have fantasies of owning a home, here are the realities: You're essentially still renting. Your landlord is the bank that holds your mortgage. You pay 'em every month, PLUS interest. You'll have a balloon payment once a year when your property taxes come due. This can amount to tens of thousands, but nobody prepares you for this expense when ya buy a house.