🧮 Understanding Your Mortgage Payment: Principal, Interest, Taxes & Insurance
Your monthly mortgage payment isn’t just one number — it’s made up of a few different parts that work together. Lenders often call this **PITI**, which stands for **Principal, Interest, Taxes, and Insurance**. Here’s what each piece means and why it matters. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_...