Tuesday, August 16, 2011

Mortgage Term PITI -- Principal, Interest, Taxes and Insurance!

Bill Rayman at Mortgage Capital explains that the mortgage term PITI -- Principal Interest, Taxes and Insurance comprise part of the formula to determine your debt-to-income ratio and how the banks use this number to determine how much money in reserves you must have after the home buying transaction is completed. He can guide you through the confusion to a decision that is right for you and your family.

If you need a Mortgage Broker to help you with buying a home, business property, vacation place, or residential investment property, please call me at 310-295-2900 ext 113.  I can handle your mortgage in Los Angeles, California, or in many other states.

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