What is P.I.T.I -- And How It Can Help YOUR Monthly Budget!

Since I never had a "FEATURE"  . . . WOW! My first!!   Now I know why there's so many comments!  I posted my blog post and turned off the 'puter . . .

So here goes the comments:

Hasani -- THANKS for being the first of the first ;-)

Hey Candice -- A pleasure as always! 

Hi Larry -- Well . . . my next blog was (is) going to be about HOA's and that's on my 'to do" list for today.  My focus was solely on writing about P.I.T.I.

Thanks Cathy Lee!!

How's it going Lisa -- WHAT??  The buyers didn't know!  Oopsie . . . and you were on the seller's side.  How'd that transaction work out for you with the clueless buyer's agent?

I agree William -- before I became licensed it's amazing what I did't know, and what my agent never told me!

Thanks Montana Country Real Estate!  I am working with a buyer and we had this talk, and then I realized, what you point out . . . the very obvious . . .

Terry. . . the acronyms are less in our industry then . . . let's say the military.  And I would rather say GFI, PITI then Good Faith Estimate, Principal, Interest, Taxes and Insurance . . . BTW -- we don't say H.U.D. . . . H-U-D --  We don't pronounce the letters.  We enunciate the word: hud

Hey Cathy -- thank you for the bonus compliment!  (Printing out the blog as a handout!  WOW, that's a great idea, and I'm going to borrow that from you, and print it out myself!! ;-)

Funny Rebecca . . . cute play on words! I spelled out PITI perfectly -- very punny you!!

OMIGOSH David . . . you are punny too!!  "I PITI the people" . . . LOTFLMAO!  Thanks for the laughs!!

Hi ya Roger . . . your right!!  What's that joke about 'assume' -- and how we're never supposed to 'cause it makes an ass(out of)U(and)me.

Hello Michael . . . abosolutely correct.  I did not forget, but as I mentioned in another comment, my focus was only to outline P.I.T.I. 

Hi Lori . . . as always, a pleasure to have your comments!  Yes, the difference of $500 in a property tax amount can really make it's way to a buyer's bottom line!

Thanks for your comment Bob!  I have wondered why the P&I is often quoted, and like to remind buyers to get the full picture too!

JOE!!  APR?!?  HA HA HA . . . LOL -- might be a good blog for you to tackle!  You can write it, I'll be happy to comment ;-)

Integrity Mortgage Funding -- being clear on the finances is a good thing!

Hey Gary:  I bought my first home when I was 19.  Yes I did, and the wonderful 'newbie' agent told me this formula.  Today, he's a successful broker in the Santa Clarita Valley (in So. Cal.) the honest agent that shared a good bit of knowledge . . .

Hi Sash!  Thanks for your comments!

Yvette & Dennis -- thank YOU for commenting on my blogs!  I really appreciate it!

Hey Buddy Steve!  YES, it is snake-like, shark-like . . . and I have WITNESSED this with lenders before.  I think they do it to have their quotes smell better. 

Paul, thanks!  And you're right.  First time buyers can go into the process overwhelmed.  This is why the need to Agents and Mortgage Reps!  We do this as our business, and the good ones can really help!!

Pangea, my dear!  You were the one that broke my feature news to me!  THANKS!  I never had a feature, and posted this blog right before the last ounce of energy was zapped outta me.  100F at 7:00 p.m.  I turned off the 'puter and didn't even think it would be featured -- I NEVER get featured . . . but, never say never!  Thanks, and I'm glad it was you!! 

Hi Ginger . . .  you're more then welcome.  Nice to meet you!

Earth to Bob . . . earth to Bob . . . the post is PUBLIC . . . not members only!  My audience was the general public . . . i.e., buyers and hopefully first time buyers who might find this information useful.  Which is why I wrote: "For those of us in the real estate / mortgage business, we're very familiar with the acronym:  P.I.T.I."  

Gene, you get it!  I reported Carmen, and then deleted.  WOW that was nonsensical!  Thank you for your comments, and wonderful observations!! 

THANKS DAN!  Of course, you're not here to hear me, but my verbal comment was "Oh, that's so nice!" to read your comments!  I really appreciate that.

Nice meeting you Raine . . . Good comments too about the one week of salary.  When I was married, my then-husband and I set up a system of our own.  One of our incomes (I forget whose) was used to pay all the bills.  The other's was used to SAVE!  It worked out for us, was a very simple approach.  We banked one's income earner's salary . . . we spent the others!! 

Hi Damon -- that would be a GREAT blog (for you to write??) Thanks for your comment!

Hey Debra!!  I totally understand!  It's hard to help your client when there are so many other, unlicensed folks around.  GEEZ! 

Gary -- HOA is additional when the buyers are looking into the developments with HOA, and CONDO'S and townhouses have them.  I always point this amount out to buyers since it's on the listing sheets.  I'll even highlight it with my handy-dandy highlighter.

Hey Joetta -- Good idea!  I was going to print this out, but I think I'll link it!  Thanks . . . DUH!!  And please, you can do the same!  (We're not competing brokers . . . HA HA HA) You work with Ralph? 

Duane . . . thanks for your comments, but AR etiquette is WAY off.  Not cool to link in another's blog!  Tacky, tacky.  I'll let it slide 'cause your a newbie.  But DUDE . . . check out other people's blog and the coments.  Do you see anyone else linking their sites?? 

Exactly!!

Good point Steve!  Yes, the flash in the pans didn't take time to discuss much, did they?  The "unwashed"  HA HA HA that's funny!! You have very good comments!