131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Debt-to-income ratio (DTI). Many recommend borrowers keep PITI to less than (or equal to) 28% of their total monthly income. Planned unit development (PUD).
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