Barrett Realty, Inc.
Barrett Realty, Inc.
Tommy Twitty, Barrett Realty, Inc.Phone: (919) 426-3037
Email: [email protected]

Tag: Home Value

Posted on 04/20/2022
Understanding the relationship between PITI & property taxes
PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...
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