PITI – What Is It?
During your house hunting you will probably hear this term used a lot. It stands for principal, interest, taxes and insurance.
Every loan includes principal and interest payments and those labeled PITI also include taxes and insurance. Property taxes and homeowners insurance payments can be paid in an annual lump sum. These payments are instead [...]
By: Bankrate.com
Your monthly principal and interest charges are determined by the rate and the amount of the loan. The rate and loan amount, in turn, are affected by several factors. The rate depends on your credit score, discount points you pay and whether the down payment is less than 20 percent. The loan amount depends on [...]
By Holden Lewis • Bankrate.com
Homebuyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment.
These mortgages are becoming more commonplace even as the country recovers from a housing bust made worse by the popularity of low-down-payment mortgages during the housing boom.
The Federal [...]
I wanted to take a moment to make a quick post regarding the First Time Home Buyer Tax Credit. While the credit ended for most of us on April 30th, members of the military were given a welcome surprise. If you are a military member then you can receive the First Time Home [...]
