PITI Flashcards
1
Q
PITI
A
Monthly principle interest taxes and insurance payments payment
2
Q
What are discount points
A
Loaded loan fee often charged by lenders to increase yield on lower- than market- interest loan and to make the loan more competitive with higher interest loans
3
Q
USPAP
A
Set of guide lines used for appraisers
4
Q
What does USPAP stand for?
A
Uniform standards of precessional appraisal practice
5
Q
How many square feet are in an acre?
A
43560
6
Q
A
