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Understanding The Total Cost Of Homeownership

Understanding The Total Cost Of Homeownership

When you take out a mortgage to buy a home, you know how much your mortgage payment will be. However, that's not the only cost that comes with owning a home! As budgeting lies at the foundation of a solid financial plan, understanding the total cost of homeownership before purchasing a home is paramount.

One of our mortgage partners Lorena Sarnaglia from The Mortgage Coach, explains the total costs In addition to your mortgage, your monthly budget sheet may include:

▪️Property tax

▪️Home Insurance

▪️Utilities

▪️Condo fees

If you already own a home or are thinking of buying and need help understanding the total cost of owning, please give Unna Real Estate a call. We will provide you with a customized "Home Ownership Total Cost Analysis" that will allow you to prepare for the changes that may have to be made in order for you to succeed through homeownership.

This insightful blog is authored by our mortgage agent partner Lorena Sarnaglia, whose expertise in real estate ensures that readers are well-informed about the intricacies of homeownership costs.

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.