What are PITI Reserves?

What are PITI Reserves?

Mortgage payments are made up of four components these include the following Principal, Interest, Taxes and Insurance. Some lenders require 2-3 months PITI reserves in order for your loan to be qualified. PITI reserves are several month cash reserves required by lender that borrowers must have at hand when closing on [...]

Real Estate Terms starting with (P)

The Following are real estate terms and topics: Starting With the Letter (P)

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