Definition
Owner’s Title Policy
Title insurance protecting the buyer’s ownership interest, optional in most states and lasting as long as you hold an interest in the property.
Nearby terms
Note
The promissory note: your written promise to repay a specific sum on specific terms.
Origination Fee
A charge by the lender for processing the loan, expressed as a percentage of the loan amount or a flat sum.
PITI
Principal, interest, taxes and insurance — the four core components of a mortgage payment.
PITIA
PITI plus association dues.
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