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September/October 2002
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What they don’t know can hurt them

One aspect of homeownership is so obvious to you, you might forget to pass along this valuable information to first-time homebuyers: The total monthly housing payment will likely rise even for people with a fixed-rate loan. Clients who understand that homeowners insurance and property taxes usually go up—sometimes way up—and budget for that possibility will be more inclined to remember the great service you provided.

 

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