Part 2/10:
Historically, homeownership was seen as a sound financial investment, with the fixed-rate mortgage offering a stable monthly payment for the life of the loan. This gave prospective homeowners confidence that their payments would not suddenly spike. However, this perception is changing dramatically as taxes and homeowners insurance costs soar. For many, these expenses now make up a substantial portion of their monthly financial obligations, fundamentally altering what it means to be a homeowner.