Principal, Interest, Taxes, and Insurance(redirected from Principal, Interest, Taxes and Insurance Payment)
Principal, Interest, Taxes, and Insurance
The 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.
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