PITI is simply an acronym for the assorted components which attain up your monthly mortgage payment. It is essential to know your PITI because it is ofttimes what mortgage lenders will countenance at as the peak quality amount that a buyer staleness inform as a jock to be eligible for a mortgage. When the subprime crisis began, mortgage lenders were typically asking for digit months of PITI for dwellings that were feat to be occupied by the owner and ordinal homes and/or pass homes required threesome to four months of PITI.
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