Not in my experience. I have known a lot of folks who have only rented who think if they can get a house they are golden. Like first they don't realize until its paid off they essentially don't really own it and then second they think once the mortgage is paid off they will have zero housing expenses. Maybe they get they will need to do repairs. Most people who have gone through the process I know seek to get rid of pmi and are well aware of the taxes because you get a statement about your excrow regularly. What I really find with most folks is they don't understand affordability. Like if their mortgage depends on two incomes and in the future requires more income. Your really taking a gamble. You get people buying more house than they can really afford when there are other affordable options. Often falling for the buy as much house as you can trap. My thing is whatever you buy you should be able to get with a 15 year fixed mortgage and when you buy it get a 30 year fixed.