Finance
PITI stands for the components of a monthly mortgage payment. These are:
APremium, Insurance, Taxes, Interest
BPrincipal, Interest, Taxes, Insurance✓ Correct
CPurchase, Inspection, Title, Insurance
DPrincipal, Investment, Taxes, Income
Explanation
PITI represents Principal (loan repayment), Interest (cost of borrowing), Taxes (property taxes escrowed monthly), and Insurance (homeowner's insurance escrowed monthly). It is the total monthly housing payment.
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