
What is PITI? A complete guide
Among other things, it helps lenders decide whether you’ll be able to repay your loan.
Taylor Freitas is a Bankrate contributor with over a decade of professional journalism experience. Over her career, she has covered various topics, including personal finance, credit cards, travel rewards, home ownership, mortgages, and home improvement.
When she isn’t writing, Taylor can be found using points and miles to explore new countries (most recently, Cambodia and Vietnam), discovering new music, and cheering on her beloved USC Trojans.
Among other things, it helps lenders decide whether you’ll be able to repay your loan.
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Your mortgage statement contains important information about your balance and payments.
If you’re looking to borrow money, you’re probably benefiting from this law.
One means lower payments, the other costs less overall.