Paying cash for a home would seem to be the ideal way to purchase real estate. No mortgage, so no monthly repayments to worry about. So why is that that those who can afford to do so often decide to take the mortgage instead? By not taking a loan you save on the interest you […]
Tag Archive | "mortgage interest"
Sounding just like ‘pity,’ PITI stands for Principal, Interest, Taxes and Insurance. The term is used in relation to mortgage payments. It is the total monthly sum paid for a mortgage in the USA. Here is a description of the initials in the acronym in more detail. PITI: Principal The principal is the capital sum […]