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RE: ScaredyCatGuide to Real Estate - Know How Much You Can Afford Before Viewing Properties

in #money8 years ago (edited)

Good tip, this is what I did when I was looking to buy a house. I believe I may have also received an estimate of closing costs and real estate tax/insurance payments (above-beyond the mortgage cost), which was helpful, it was all much more than I would have guessed!

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Nice man! Yeah, the tax estimate is usually higher than people expect as taxes generally go up on sale (assuming the purchase price is higher than the previous sale).

Ugh yes towns and their re-assessments! State aid from their budget also plays into the mill rates (and then the state budget from the federal budget).