单词 | principal, interest, taxes, and insurance (PITI) |
释义 | principal, interest, taxes, and insurance (PITI)Definition Four components of monthly housing cost that may be combined in a single monthly home mortgage installment. Lenders use PITI in two ways: (1) Before approving the loan: to compute the applicant's back end ratio and front end ratio to judge his or her capacity to payback the loan. (2) After approving the loan: to collect monthly mortgage amount (that covers principal and interest) plus an amount that covers 1/12th of property tax and property insurance premium, and is kept in escrow until due for payment. |
随便看 |
|
英汉经管词典收录了27404条经济管理类英汉双解词条,基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法,是学习及工作的有利工具。