I am plotting on refinancing my car loan but I reckon my current mortgage payment will affect the banks choice. So my question is, when they question what my mortgage is, should I include escrow or just principal and interest?
When Asked What My Mortgage Payment Is, Should It Include Escrow or Just Principal and Interest?
Everything, PITI – the goal of asking is to get an thought of your monthly outgo – plus, they will get they info anyway when they pull your credit report, so it looks better if you are completely honest.
Except you pay it separately, they really want the whole thing: PITI.