Mortgage Terminology Tuesday. Today’s term: PITI.
PITI means principal, interest, taxes, and insurance. It’s the full monthly payment lenders use, not just the loan. This is the number that matters when budgeting and comparing homes. #MortgageTerminologyTuesday #MortgageEducation

Mortgage Terminology Tuesday: Earnest Money
Earnest money is your “I’m serious” note to the seller. It’s collected after your offer is accepted and usually goes toward your down payment and closing costs. Questions? Reach out!
#MortgageTerminologyTuesday #HomeBuyingTips #FirstTimeHomebuyer

Mortgage Terminology Tuesday: Reserves
Think of reserves as your rainy-day fund for your mortgage. Lenders want to see you have a cushion after closing—usually enough for a few months of payments. Curious how much you need? Let’s chat!
#MortgageTerminologyTuesday #HomeBuyingTips #MortgageAdvice

Escrow is a neutral account that holds money during a home purchase to protect both buyer and seller. After closing, it’s used to pay your property taxes and insurance—so you don’t get hit with surprise bills. Thinking about buying or refinancing in MN? Let’s chat! 🏡
#MortgageTerminologyTuesday

Tuesday Mortgage Terminology: Title Insurance
Lender’s Policy protects your lender. Owner’s Policy protects you. One’s required, one’s smart.
Got questions or ready to talk financing? Reach out—I'd love to help!

#MortgageTerminologyTuesday #TitleInsurance