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| Quit Wasting Money On HOA Fees! |
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Did you know that for every $100 dollars you spend (throw away) per month on HOA fees, you could afford $16,300 more on a house, for the SAME MONTHLY PAYMENT? For example, let's say you bought your condo for $123,000 a couple of years ago, and now owe $120,000. Your HOA fee is $210, making your total monthly payment about $967. If you were to sell your condo for $155,000, that would give you $35,000 in equity. If you were to put that equity towards the purchase of a home with no HOA fee, you could afford a $192,000 for the SAME MONTHLY PAYMENT!! But more importantly, with no HOA fee your entire monthly payment will go towards paying down your mortgage. |
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