Breaking Down Your Monthly Mortgage Bill: Understanding PITI and PITIA

Melissa Kerick

Published on: 29/06/2024

As you get ready to buy a home, you might be curious about what your monthly mortgage bill will include. You may have heard the terms “PITI payment” or “PITIA payment,” which refer to the various costs in your monthly mortgage bill.

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Mortgage Insurance VS Homeowners Insurance: Here’s what first-time home buyers need to know

Melissa Kerick

Published on: 29/06/2024

For first time homebuyers, the terms “mortgage insurance” and “homeowners insurance” can get a little confusing. Let’s break down what these terms mean, and what you need to know about the different types of insurance involved when purchasing your home.

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Debt-To-Income Ratio (DTI): How much can I afford as a monthly mortgage payment?

Melissa Kerick

Published on: 28/06/2024

As you’re preparing to buy a home, it’s a great idea to understand how to calculate your DTI, because this gives you a clearer picture of your finances and how much you can afford as far as a monthly mortgage payment.

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Down Payment, Closing Costs, Cash To Close: How much do I need to save?

Melissa Kerick

Published on: 28/06/2024

Your savings will play a major role in your home buying decisions. If you’re gearing up to buy a home, it’s probably a good idea to start saving ahead of time. But what costs exactly do you need to save up for?

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