Cumbest Realty logo
Realtors Land Institute Logo     Accredited Land Consultant logo     CRS logo     Commercial Realtor logo     Realtor MLS logo
Real Estate Glossary of Terms

Begins with Contains Exactly matches

All | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z


PITIThe shorthand way of stating the most usual elements of a residential mortgage payment which may consist not only of the Principal and Interest (PI) but the property taxes (T) and hazard insurance (I) as well. In the case where all four elements are part of the payment, the lender escrows the T and I and pays them on behalf of the borrower when they come due. Some loans are written such that the payment to the lender consists only of the P and I in which case the borrower pays the taxes and insurance directly.
 


All | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z



Main Menu:
Home
View Our Listings
Search MLS
Meet Our Team
Community Information
In the News!
Contact Us
Real Estate Topics:
Real Estate Articles
Glossary of Terms
Follow us on:
Facebook   Twitter

© 2008. CumbestRealty.com. All rights reserved.
Provided by The Real Estate Host - Real Estate Website Design & Real Estate Web Hosting