Definition
PITI
Principal, interest, taxes and insurance — the four core components of a mortgage payment.
Nearby terms
Origination Fee
A charge by the lender for processing the loan, expressed as a percentage of the loan amount or a flat sum.
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.
PITIA
PITI plus association dues.
Points
See discount points.
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