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For PITI's sake: Mortgage acronyms defined

Mortgage » For PITI's sake: Mortgage acronyms defined

Mortgage acronyms defined
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Mortgage acronyms defined © iStock

Mortgage acronyms defined

If you've ever shopped for a mortgage, you've probably been overwhelmed by an alphabet soup of acronyms that seem to be designed to confuse the borrower at every turn.

The lingo is complex, but the definitions aren't hard to understand. Here are the basics.

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