Monthly homeownership expenses include property taxes, property insurance, utilities, and maintenance and repairs. These costs are essential to budget for, as they ensure the upkeep and protection of your property. Property taxes are based on your home’s value, while insurance covers potential damages. Utilities like water, electricity, and gas are necessary for daily living, and regular maintenance prevents costly repairs. Properly managing these expenses is crucial for maintaining your home’s value.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

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