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Davis Clay
10 September, 02:02
In PITI what does T stand for?
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Sammy Yates
10 September, 02:22
0
Principal
Interest
Taxes
Insurance
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Arturo Rivas
10 September, 04:50
0
taxes
Explanation:
Capital, interest, taxes and insurance, known as PITI (for its acronym), are the four basic elements of a monthly mortgage payment.
Capital and interest payments are used to pay the loan. The amount covered by the property tax and home insurance can be deposited in an escrow account or escrow account, if you are required to have one or have decided to open it, in order to cover the payments of such property taxes and homeowners insurance. housing as they expire.
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