What Will Your Monthly Mortgage Payment Be?

What Will My Monthly Mortgage Payment Be? If you are thinking of buying a home, one of the most important questions you need to answer is: what will my monthly mortgage payment be? Your mortgage payment is the amount of money you pay each month to your lender to repay the loan you used to…

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What is PITI and how does it affect your mortgage payment

What does PITI consist of? Breaking Down your monthly mortgage payment. PITI is the handy acronym for your monthly mortgage payment. It’s pronounced like the word “pity” and the letters stand for the four parts of that monthly payment: P stands for Principal That’s the part of the monthly payment used to pay down the…

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