FinancePregunta 74 de 120
The four components commonly abbreviated as 'PITI' in a monthly housing payment are:
a.Principal, insurance, taxes, and inspection
b.Principal, interest, taxes, and insurance
c.Points, interest, title, and insurance
d.Principal, interest, transfer, and inspection
Explicación
PITI stands for principal, interest, taxes, and insurance, the four parts of a typical escrowed mortgage payment. Lenders often collect taxes and insurance in an escrow account and pay them when due.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A loan feature that lets the lender declare the entire remaining balance due upon borrower default is a(n):
- A 'due-on-sale' (alienation) clause in a mortgage generally:
- In an amortized loan, the early payments are applied:
- Private mortgage insurance (PMI) on a conventional loan is generally required when the borrower's down payment is:
- A loan that is insured by the Federal Housing Administration is called a(n):
- A key benefit of a VA-guaranteed loan for eligible veterans is that it:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Texas Real Estate Sales Agent Licensing Exam · Cómo revisamos