In order to understand what's going on during your mortgage application process, you need to be familliar with certain terms. One term you're likely to hear is "mortgage PITI."
It's easy for potential homeowners to jump the gun and get into a mortgage they can't really afford. Using this mortgage calculator helps you avoid falling into that trap by giving you a more accurate idea of your monthly housing costs.
To help you prepare for owning your dream home, we've created this handy guide. Keep reading to learn all about PITI and why you should know what it means.