What Does PITI Consist Of?

What does PITI consist of? PITI is the acronym for your monthly mortgage payment.  It’s pronounced like the word “pity” and the letters stand for the four parts of that monthly payment, which are: P stands for Principal   That’s the part of the monthly payment used to pay down the balance of the loan.  Your…

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Budgeting for Home Ownership

When you buy a new home you’ll more than likely have a mortgage payment.   There are a few other expenses related with home ownership that you should include in your budget. Here’s what to make room for in your homeowner’s budget. Monthly Expenses •          Principal and interest payment on your mortgage •          Real estate taxes…

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What’s a FICO

What’s a FICO Score and what role does it play in my home purchase? Your FICO credit score can make or break your chance for qualifying for a home loan.  Lenders use the FICO score to help term the terms, type and amount of your mortgage loan.    But just what is a FICO score?  It’s…

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Coldwell Q&A

Here are some questions you may (or may not) have wondered about Coldwell Banker What year was Coldwell Banker started?  1906 What city was Coldwell Banker started in?  San Francisco How many offices does Coldwell Banker have?  3,000 How many international Sales Associates does Coldwell Banker have?  86,000 What was Coldwell’s first name?  Colbert What…

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