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.
In no particular order I enjoy owning unusual breeds of dogs and cats; love to travel to exotic locations where there are opportunities to learn about even more exotic animal and sea life or the culture of the locale; follow the movies, Knicks, Clippers, and the Yankees; and work way too hard supporting all those passions.
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