Finance
An Oklahoma borrower's PITI payment includes:
APrincipal, interest, taxes, and insurance (hazard and/or mortgage insurance)✓ Correct
BPayments, interest, title fees, and inspection costs
CPrincipal, interest, title insurance, and income taxes
DProperty insurance, interest, taxes, and improvements
Explanation
PITI stands for Principal, Interest, Taxes (property taxes), and Insurance (hazard insurance and/or mortgage insurance). It represents the full monthly housing payment used in qualifying ratios.
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