What is PITI?

PITI stands for principal, interest, taxes, and insurance. These are the four main components that make up a monthly mortgage payment that most lenders require. The principal portion goes towards reducing the debt, the interest is calculated based on the outstanding debt. The lender holds the taxes & insurance portion in an escrow account until they make the required payment on behalf of the borrower.

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What is a Parcel?

A parcel specific piece of land which can be of any size but must have specific boundaries so it can be accurately defined.

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What is an Office Building?

An office building is a structure specifically designed and built for commercial use as professional workspaces. They can come in all shapes and sizes, from sprawling one-story buildings in suburban areas to towering skyscrapers in major cities.

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