00:00Homeowner expenses don't just consist of a monthly mortgage.
00:04And despite budgeting thoroughly for what you think you need,
00:07you may have missed these bank-breaking bills.
00:10Homeowner's insurance is not to be forgotten,
00:13the very thing that will protect you against damages or losses.
00:17And if it's not tied into your mortgage,
00:20Money Talks News says you'll want to divide your annual insurance bill by 12
00:25and put that amount aside monthly.
00:27Property taxes aren't ideal but are kept public to compare previous rates.
00:32And private mortgage insurance is to protect the lender in case you stop making payments.
00:37Known as PMI, it usually costs 0.22% to 2.25% of your mortgage.
00:45Some other notable expenses include flood and title insurance,
00:49general utilities and renovations.
00:51For those that like to keep it clean,
00:53cleaning fees, landscaping and possible pest control
00:57might also cost you a pretty penny.
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