Finance
In New York, 'PITI' refers to the components of a typical mortgage payment, which include:
APrincipal, Interest, Taxes, and Insurance✓ Correct
BPrice, Interest, Title, and Insurance
CPrincipal, Investment, Taxes, and Interest
DPayment, Interest, Title Insurance, and Items
Explanation
PITI stands for Principal, Interest (on the mortgage), Taxes (property), and Insurance (homeowner's insurance, plus mortgage insurance if applicable). Together they represent the total monthly housing payment.
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