Obtaining a mortgage can seem to be filled with perplexing terms and concepts. Don’t worry, though – we’re here to decode the complexities and make it easy for you to navigate the mortgage landscape with confidence.
What Makes Up A PITI Mortgage Payment?
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month. One of […]
