|
|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
PITI Reserves:
A cash amount that a borrower must have on hand after making a down payment and paying all closing costs for the purchase of a home. The principal, interest, taxes, and insurance (PITI) reserves must equal the amount that the borrower would have to pay for PITI for a predefined number of months.
|
|
|
|
|
|
|
| |
