Mortgage Tips

Maintenance and other costs.

Expect to spend about 1% of the purchase price of your home.

For example. On a $200,000 home, expect to pay $2000 per year -- or, $166 each month. Of course this cost will vary widely from month to month.

Other expenses. Add to this the monthly expense of other non-essential improvements you might make on your home -- new furniture, landscaping, etc.

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