piti: Utilities - Your Payment Beyond Principal Interest Taxes and Insurance
- 06/20/14 05:18 AM
Nobody wants to be house poor. Therefore, understanding what your mortgage payment will be when buying a house is only part of what should be considered when contemplating one’s housing costs. Getting quotes on phone service, security systems, internet and cable are easy enough but utilities like heating and cooling costs can be a little trickier. Taking these costs into consideration is important though because miscalculation can lead to unexpected payment shock. Should that payment shock occur, it’s often too late to do much about it so it’s necessary to be proactive. Some of the required seller disclosure items are quite silly … (6 comments)
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Nobody wants to be house poor. Therefore, understanding what your mortgage payment will be when buying a house is only part of what should be considered when contemplating one’s housing costs. Getting quotes on phone service, security systems, internet and cable are easy enough but utilities like heating and cooling costs can be a little trickier. Taking these costs into consideration is important though because miscalculation can lead to unexpected payment shock. Should that payment shock occur, it’s often too late to do much about it so it’s necessary to be proactive.
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