Qualified Written Request (QWR)
Qualified Written Request (QWR) A Qualified Written Request, or QWR, is written correspondence that you or someone acting on your behalf can send to your […]
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Qualified mortgage
Qualified mortgage A Qualified Mortgage is a category of loans that have certain, more stable features that help make it more likely that you’ll be […]
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Property taxes
Property taxes Property taxes are taxes charged by local jurisdictions, typically at the county level, based upon the value of the property being taxed. Often, […]
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Prepayment penalty
Prepayment penalty A prepayment penalty is a fee that some lenders charge if you pay off all or part of your mortgage early. If you […]
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Prepaid interest charges
Prepaid interest charges Prepaid interest charges are charges due at closing for any daily interest that accrues on your loan between the date you close […]
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PITI
PITI Principal, Interest, Taxes, and Insurance, known as PITI, are the four basic elements of a monthly mortgage payment.
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PCS orders
PCS orders Active duty servicemembers may be given permanent change of station (PCS) orders. PCS orders are an official relocation of a servicemember (and any […]
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Payoff amount
Payoff amount Your payoff amount is how much you will actually have to pay to satisfy the terms of your mortgage loan and completely pay […]
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