Popular Mortgage Terms

PITI Defined

PITI: Principal, Interest, Taxes and Insurance - the four elements of a monthly mortgage payment; payments of principal and interest go directly towards repaying the loan while the portion that covers taxes and insurance (homeowner's and mortgage, if applicable) goes into an escrow account to cover the fees when they are due

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The definitions of the mortgage terms have been taken from various reliable government
publications and we have done our best to verify their accuracy. If you feel any of the definitions
are incorrect or needs to be updated please contact us and we will look into it.

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