06/02/2026
Mortgage Term of the Day:
An HOA is an organization in a neighborhood, condo, or community that manages shared spaces and enforces rules to maintain property values.
šµ Monthly/annual fees are usually required
š Rules may cover landscaping, paint colors, pets, and more
ā
Benefits: Clean common areas, community amenities, and preserved home values
Before buying, always check the HOA rules and feesāthey vary widely!