I'm looking to buy a house with a 15 year FIXED rate mortgage. Let's say a pay $1000 per month after principle, interest, homeowners insurance, and property taxes. My question is, if my house goes up in value every year, will my mortgage payments also increase because the property taxes would go up every year? Will my payments stay at exactly $1000 for the next 15 years since it is a fixed mortgage loan?
Read more: Will my property taxes increase/decrease my mortgage payment?
