🏡 How much do you need to buy a home? #shorts
Summary
This video highlights the often-overlooked expenses associated with buying a home beyond the mortgage payment. These include insurance, property taxes, and flood insurance if the property is located in a flood zone. It also explains how escrow accounts are used by lenders to manage these expenses and mentions homestead exemptions that can lower property taxes for owner-occupied homes.
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Curated by Learn STR by GoStudioM