
principal, interest, taxes, and insurance - PITI
In Real Estate terminology how do you define what "principal, interest, taxes, and insurance - PITI" mean exactly?
When you have an impounded loan then your monthly payment to the lender includes all of these and insurance too. If you do not have an impounded account then the lender still calculates this amount and uses it as part of finding out your debt to income ratio.
International Level: Politics 101 / Political Participation: 0 0%