Would you believe that there are MANY AREAS where the insurance and tax payment is more than the principal and interest payment? This rising trend is not only shocking, but it's absolutely disgusting what's happening to insurance. The rise in pricing has caused many metro areas to have over 33% of the home owners with an escrow payment more than a mortgage payment.
This is a clear sign that people cannot afford their homes! And it's only going to get worse.
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