释义 |
Principal, Interest, Taxes, and Insurance
Principal, Interest, Taxes, and InsuranceThe components of a real estate owner's mortgage payment. When considering whether to loan money for a mortgage, a bank often considers what the PITI will be as a percentage of the potential borrower's gross monthly income. Generally speaking, mortgage banks prefer PITI to be 28% or less of the borrower's income.
Principal, Interest, Taxes, and Insurance
Principal, Interest, Taxes, and InsuranceThe components of a real estate owner's mortgage payment. When considering whether to loan money for a mortgage, a bank often considers what the PITI will be as a percentage of the potential borrower's gross monthly income. Generally speaking, mortgage banks prefer PITI to be 28% or less of the borrower's income.AcronymsSeePITI |