

I don’t think it’s been a bull market, but I think everyone has been bullish in that they don’t think Trump will follow through with blowing up the economy. But given he just announced 10% tarrifs on everything I think the market has been foolish.
Honestly if the markets would realize he’s serious they might have avoided this. A huge drop earlier on given his tariff talk might have helped avoid this.
I mean technically you own the house and the bank owns your loan (with house as collateral), but I do get your point about taxes. However, if the bank had to pay the taxes, they’d just wind up incorporated into the loan. And if the bank actually owned the home, you’d need their approval for any changes.
As for mortgage insurance, you can avoid that with a large enough down payment (20%).
As for the full cost of the loan, I thought that is part of the standard paperwork? If not, sounds like you might have had a bad realtor. You can also look up that info online with any mortgage calculator.