P.I.T.H. (Principal, Interest, Taxes & Heat Expenses)
Represents the principal, interest, taxes and heat expenses for a property. P.I.T.H. is also referred to as a monthly housing expense. Lenders use input the P.IT.H. when calculating the debt service ratios to determine how much a Borrower can qualify for.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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