Sentences with phrase «mortgage acronym»
PITI is a fairly common mortgage acronym, as it stands for the sum of your monthly principal, interest, taxes and insurance.
http://blog.compmort.com/ Not exact matches
Homebuying comes with its own language and acronyms, from amortization and title insurance to APR (annual percentage rate), PMI (private mortgage insurance) and many more.
On our website, we use the phrase «reverse mortgages» and the acronym «HECM» interchangeably.
There is an acronym used to describe the four components that can make up a monthly mortgage payment.
It bothers me that (if you can actually get through all of those acronyms) the description on the website makes it sound as if the companies supplying the information to the credit bureaus (the credit card companies, mortgage companies and collection agencies, for example) original creditor (or data furnisher).
Even the very bad «acronym bonds» like CDOs (Collateralized Debt Obligations) and CMBS (Commercial Mortgage Backed Securities) are back in vogue.
You'll see the acronym PITI used to describe your monthly mortgage payment.
Acronym for the elements of a mortgage payment: principal, interest, taxes and insurance, representing the total sum of these components.
The components of this payment (mortgage principal, interest, property taxes and insurance) are often referred to as the acronym «PITI.»
Annual mortgage insurance premium (MMI): The acronym MMI refers to how this insurance premium is collected via monthly mortgage payments.
PITI Acronym for principal, interest, taxes, and insurance the components of a monthly mortgage payment.
The acronym is used to describe what may be included in the monthly repayment of a mortgage loan.
But GDS, TDS, LTV and all of the other industry acronyms aside, what is the best mortgage for your client?
Federal Housing Administration; FHA is part of HUD, which stands for the Department of Housing and Development (we love our acronyms in the mortgage industry!)
You'll see the acronym PITI used to describe your monthly mortgage payment.
There is an acronym used to describe the four components that can make up a monthly mortgage payment.
The mortgage industry uses the acronym PITI, which stands for principal, interest, taxes and insurance, to break down the components of homeowners» mortgage payments.
Acronym for the elements of a mortgage payment: principal, interest, taxes and insurance, representing the total sum of these components.
When determining what your monthly mortgage payment will be, lenders use the acronym, PITI, to describe the elements of your monthly payment.
During the mortgage process, you may see the acronym «PITI» in reference to your monthly mortgage payment.
As if there are not enough acronyms in the mortgage industry, the federal government has moved forward in coining a new one, QRM, this being the acronym for the newly defined Qualified Residential Mmortgage industry, the federal government has moved forward in coining a new one, QRM, this being the acronym for the newly defined Qualified Residential MortgageMortgage.
It is usually described as a fixed rate ARM (ARM is an acronym for Adjustable Rate Mortgage).
FHA is the acronym for the Federal Housing Administration which oversees the approval of various lenders to offer FHA mortgages.
The Bureau believes that to the extent consumers do not understand the acronym, they can find such information from other sources, such as the Bureau's Web site, the creditor's or mortgage broker's loan officer, the settlement agent, or real estate agents.