Deacon & Hoover Real Estate Advisors LLC
Liam Tennies, Deacon & Hoover Real Estate Advisors LLCPhone: (716) 581-0317
Email: liam@liamtennies.com

Tag: Home Value

Posted on 08/02/2022
What borrowers should know about 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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