Information You Need To Know BEFORE You Buy A Home

Home Buying Tip: There is much more to your monthly housing expenses than just your mortgage payment. Many of you know that there are property taxes and home owners insurance to pay for but did you know certain cities have Mello-Roos and special bonds? You’re probably thinking “what is Mello-Roos?” We’ll get to that in a minute.  

It’s IMPERATIVE that you know about these fees upfront because Mello-Roos and bonds can add $100’s of dollars to your monthly expenses. This information is public and available. I’ve heard horror stories of home buyers finding out they have to pay for Mello-Roos and bonds AFTER the close of escrow. 

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If you would like to know where to find information about property tax rates, mello roos, special assessments and bonds please feel free to reach us directly. 

For more information on Mello-Roos please follow this link:  http://www.freehomeownershiphelp.org/images/storyofmelloroos.pdf

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