As a first-time homebuyer, you may wonder exactly what the mortgage payment covers, how taxes and insurance are accounted for and if there are any extra financial responsibilities you may not be aware of. Here's a crash course in PITI.
State License #CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI113633, CT- LO-113633, FL-LO25751, IL-031.0041099, MA - MLO113633, MD-113633, ME, NH, NJ-licensed by the N.J. Department of Banking and Insurance, NY Licensed Mortgage Banker-NYS Department of Financial Services, PA-45699, RI, SC-BFI-MLO - 113633, TX-SML, VA -MLO-19958VA, VT-VT113633