🏡 The 3 expenses that you'll never stop paying

There’s nothing more horrifying than buying something, only to realize that you still need to pay for it!

With real estate, you’ll often have these three payments to account for.

1) Mortgage: This is typically a 30 year loan that is priced so that even though you’re paying a different amount of principal and interest every month, your monthly payments stay the same.
2) Insurance: This cost changes every year based on how much coverage you get and if the area gets risky.
3) Property Taxes: You get charged this as a percentage of the home’s assessed value. Some states have laws that keep this low, and others reassess you every year!

Make sure you keep track of these expenses before you buy a home so that you don’t get surprised after you close