Prime rate

Prime rate – By David Reecher The interest rate that banks charge to their preferred customers. Changes in the prime rate are widely publicized in the news media and are used as the indexes in s... Read More

PITI

PITI – By David Reecher This stands for principal, interest, taxes and insurance. If you have an “impounded” loan, then your monthly payment to the lender includes all of these and p... Read More