Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims.
5 Financial Terms Every Real Estate Investor Should Know
The success of your real estate ventures depend on your ability to navigate the financial world. Learn these terms to make it easier to understand what’s going on with your real estate investments.
What Makes Up A PITI Mortgage Payment?
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.
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