Tag: Mortgage Lenders

Posted on 10/17/2022

What borrowers should know about PITI & property taxes

PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...

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2) We do not require a purchaser to sign an exclusive brokerage agreement

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