NLIC.org

Rick Said:

Home purchase monthly payment items?

We Answered:

-utilities (electric, gas, sewer, trash, water)
-lawn maintenance
-pool maintenance (if applicable)
-home furnishings

Felicia Said:

Apartment building investment?

We Answered:

Your investor is either very stupid or is going to want 20%, which is fair to them. 10% is too little as they are the one putting up 100% of the money.

Alvin Said:

help understanding how "PITI" works when buying a house?

We Answered:

Your mortgage must cover the (P)rincipal, (I)nterest, (T)axes, and (I)nsurance, they then make the various disbursements as they are due. It is the way to go saving you time and aggrevation.