Housing Expense
Definition of "Housing Expense"
The sum of the monthly mortgage payment, hazard insurance, property taxes, and homeowner association fees. Housing expense is sometimes referred to as PITI, standing for principal, interest, taxes, and insurance.
Popular Mortgage Terms
A lender who specializes in lending to sub-prime borrowers. ...
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The most recently published value of the index used to adjust the interest rate on an indexed ARM. ...
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