I Can’t Afford The Mortgage

Veronica Edwards
Veronica Edwards
Published on July 9, 2024

In this video, we explore the challenges faced by homeowners when property taxes and adjustable mortgage rates soar, making it difficult to keep up with mortgage payments. I highlight the story of a Polk County woman who was forced to sell her home after her property tax increased by 174%. Learn how property taxes are calculated, the impact of adjustable-rate mortgages, and the importance of understanding the full cost of homeownership. I also discuss the role of lenders and real estate agents and the importance of financial responsibility.

🔹 Key Topics:

Property Tax Increases
Adjustable-Rate Mortgages (ARMs)
Homeownership Costs
Financial Responsibility

📌 Advice:

Be wary of low introductory rates on ARMs.
Consider all costs before buying a home.
Prioritize financial stability over the perfect home.
Fully understand loan terms before committing.

Veronica
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The video was filmed at Sugar Mills Gardens – https://www.dunlawtonsugarmillgardens.org/index.html

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Veronica Edwards
Associate Broker with LPT Realty
1400 S International Parkway
Suite 1020
Lake Mary, FL 32746
📲 386-299-0630
👩‍💻 Website: www.centraleastcoasthomes.com
📲 Email:[email protected]

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Veronica Edwards nor her YouTube channel is a registered financial advisor. Your use of Veronica Edwards’ YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Veronica Edwards does not establish a formal business relationship.

#veronicaedwards #allaboutrealestate #florida
00:00 Introduction
00:34 Lenders and Agents getting blamed
00:56 Get you into the house
02:05 Property tax goes up
02:20 $185 yearly property tax
03:20 Many hear what they want to hear
04:15 2/1 & 321 buy downs
07:28 Housing market crash
08:15 It’s different now
11:06 Wave of foreclosures?
11:17 Tip 1 Advice if Struggling
12:03 Tip 2
12:36 Tip 3
13:25 Tip 4
14:04 Sorry I’m not sorry

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