PITIO
- Principal, interest, taxes, insurance, and other: a term covering monthly housing expenses such as the loan principal, interest, property taxes, homeowner's insurance, and other non-housing related costs
- The PITIO analysis showed that the couple would not be able to handle the costs of home ownership.
- Before approving a loan, the bank examined the borrower's ability to cover PITIO.
- The family created a budget to manage their PITIO and other living costs.
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