Housing expenses are commonly referred to as PITI. What does PITI stand for?
a. principal, income, taxes, investment
b. payment, investment, terms, insurance
c. payment, interest, terms, income
d. principal, interest, taxes, insurance
The right answer for the question that is being asked and shown above is that: "d. principal, interest, taxes, insurance." Housing expenses are commonly referred to as PITI. In relation to a mortgage, PITI is an acronym for a mortgage payment that is the sum of monthly principal, interest, taxes, and insurance.
