Portal Forum General General Discussion Home Ownership Reply To: Home Ownership

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  • GoldenHas donated $ to the upkeep of GPL

@HockeyBum wrote:

Our PMI should be dropping off in the next month or two, as we’re getting really close to that 20% mark.

We hit the magic number on our balance with the last mortgage payment, and received a confirmation letter from the bank today saying the PMI will be removed on our next payment. That will cut our mortgage payment by about a hundred dollars a month (at least for a year or two, until rising property taxes cancel out those savings).

Speaking of which… my property taxes have gone up by 90% since 2003. I very much doubt my home’s value has increased that much in the same time period. I understand a few school levys have passed since then, but the amount we’re paying in property taxes on our house is insane.