professor5662 days ago1 minWhat are Points?A point is prepaid interest the the lender requires at the start of a mortgage in exchange for a rate below the current cost of money. A...
professor5663 days ago1 minWhat is PMI?PMI stands for private mortgage insurance. This is an insurance policy paid by the borrower that protects the lender in case the borrower...
professor5664 days ago1 minWhat is PITI?PITI stands for principal, interest, taxes, and insurance. These are the four main components that make up a monthly mortgage payment...
professor5665 days ago1 minWhat 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. Would you...