For Sale By Owners and Buyers Welcome !



  Taxes and Insurance

You'll hear many terms as you work with your mortgage lender, and one of the most frequently mentioned is "PITI." This abbreviation stands for principal, interest, taxes and insurance.

The tax and insurance components of a mortgage payment are generally held by the lender in an escrow account. The lender pays any property tax and homeowner's insurance bills as they are due, ensuring they are paid on time.

A home buyer's monthly mortgage payment generally covers expenses through the escrow account. If you don't have your homeowner's insurance and property taxes paid out of a lender escrow account, your local government and your property insurance company will send payment notices directly to you. It is your responsibility to make sure you pay these bills on time.

If you're planning to purchase a condominium or cooperative, talk to your lender about how they view condo and co-op fees. Most likely, they are considered housing costs and not a part of PITI. However, this can vary from lender to lender.

 

[ Back To Real Estate Glossary ]

HOME
SCPalmettoGroup@gmail.com The Palmetto Group
Saint Matthews Real Estate and Homes For Sale on ViewMyListing.com
Ok let's face it, Gas prices are HIGH and Increasing ! So if you where thinking of buying or selling your Real Estate in the Orangeburg Lexington Columbia area, let's calculate some figures to make a better educated decision. Enjoy !
Current Cost of Fuel
$
Do You Plan to Buy or Rent?
Loan Amount of Home in Town A
$
Loan Amount of Home in Town B
$
Mortgage Interest Rate
%
Commuting Details (more info)
Add this calculator to your site. Download it here.
South Carolina real estate directory
palmetto

Click Here for your Realty Times News Letter.

Who links to my website?
SCIway – South Carolina's Information Highway
SCIway
MSN Search
palmetto
Ask.com
ABC Real Estate Directory
Saint Matthews Real Estate and Homes For Sale on ViewMyListing.com  Valuecom Real Estate Gold
Google
"Because of Heavy activity in our market, some of these listings may already be under contract. Please email or call us to find out the current status of any listing in which you are interested.
Thank You ! The Palmetto Group


Listings/Foreclosures | Orangeburg MLS | Columbia MLS | Commercial Listings | Freddie Mac Listings | Closed Listings | Lots & Land | Buyer/Seller Info | Market Analysis | Mortgage Rates | Dream Home Maker | Mortgage & Insurance | The Brer Pools | Colonial Structures | Photos & Developments | See Our Agents | Contact Us | Employment | Guest Book | Community Info | Schools | Weather Report | Local Phone Numbers | Helpful Things | Help in Relocating | Mortgage Calculator | Helpful Documents | Yahoo City Comparison | Link To Us | Real Estate Links | Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu