Jul 31
When asked what my mortgage payment is, should it include escrow or just principal and interest?
Mortgage Add commentsI am planning on refinancing my car Loan but I think my current mortgage payment will affect the banks decision. So my question is, when they ask what my Mortgage is, should I include escrow or just principal and interest?
Everything, PITI – the goal of asking is to get an idea of your monthly outgo – plus, they will get they info anyway when they pull your credit report, so it looks better if you are completely honest.
July 31st, 2010 at 4:51 pm
Everything, PITI – the goal of asking is to get an idea of your monthly outgo – plus, they will get they info anyway when they pull your credit report, so it looks better if you are completely honest.
References :
July 31st, 2010 at 5:37 pm
Unless you pay it separately, they really want the whole thing: PITI.
References :
tax pro