Most Homebuyers Get This Wrong About Their Payment

Use these home buying tips to calculate your true monthly costs before signing a mortgage. Avoid common financial traps with this guide. Buying a house involves more than just the sticker price. This breakdown helps potential owners understand the full scope of property ownership, specifically focusing on the often overlooked expenses like maintenance, insurance, and local taxes. If you are preparing to speak with a lender, this video provides the checklist you need to conduct your homework first. We walk through practical steps to locate accurate property tax information and explain why securing multiple home insurance quotes is essential for finding the best rate. By examining your total monthly mortgage cost early, you can avoid overextending your budget and ensure you are financially ready for the responsibilities of home ownership. Subscribe for weekly real estate breakdowns, and comment below with the biggest question you have about your first home purchase. Join this channel to get access to perks:    / @lend2usa   📲 Buying a house? Let's discuss your options- https://tr.ee/xx7LcYGpoM ✅ Get Pre-Approved With My Team → // https://tr.ee/APPLY 📋 Application checklist - https://tr.ee/XT5oCbCsrr Gear Used: Video Desk - https://amzn.to/3YNP3Wn Camera- https://amzn.to/3EF02ea Camera Lens - https://amzn.to/3YOoAbm Teleprompter - https://amzn.to/3ZqoR4E Microphone -https://amzn.to/4cTIR5f Lights- https://amzn.to/3Gx1AaH Mouse - https://amzn.to/49tZvs1 StreamDeck - https://amzn.to/4sOw7Et 00:00 Why your mortgage payment keeps going up 01:01 What is an escrow account and how it works 01:34 What is a mortgage servicer 03:11 TMI taxes maintenance insurance explained 03:46 How property taxes are calculated 05:00 Why new construction taxes can surprise you 06:00 How to look up actual property taxes before buying 09:28 How to budget for home maintenance costs 10:01 The 14 cent square footage maintenance rule 11:43 Home maintenance cost calculator example 17:47 How to research property taxes on any home 19:39 How to get homeowners insurance quotes early 21:00 Book your free 15 minute mortgage consultation Don't forget to subscribe to my channel 🙏🏾 DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide, I may receive a small commission. There is no additional charge to you! Thank you for supporting me, which enables me to continue providing you with free content each week. ✖️ 𝐂𝐎𝐏𝐘𝐑𝐈𝐆𝐇𝐓 𝐍𝐎𝐓𝐈𝐂𝐄: This video and my YouTube channel contain dialog, music, and images that are property of "Lend2USA." You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my YouTube Channel is provided. @Lend2USA — DISCLAIMER — Robert Lewis is a Federal Mortgage Loan Originator (NMLS 180100) licensed in all 50 states with an Equal Housing Lender, American Mortgage Bank, Inc. (NMLS 1151140). Separately, Robert owns Lend2USA, an education company. Lend2USA is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational purposes. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. It is not guaranteed to provide accurate results or imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. American Mortgage Bank, Inc. is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency. American Mortgage Bank, Inc 3401 NW 63rd St, Suite 620 Oklahoma City, OK, 73116 amortgagebank.com 405-283-8800 NMLS 1151140 Equal Housing Lender