John


I am planning on refinancing my car loan but I think my current mortgage payment will affect the banks decision. So my question is, when they ask what my mortgage is, should I include escrow or just principal and interest?

2 Responses to “When asked what my mortgage payment is, should it include escrow or just principal and interest?”

1. Steve D on September 20th, 2010 4:38 pm

   Everything, PITI – the goal of asking is to get an idea 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.

2. chatsplas on September 20th, 2010 8:29 pm

   Unless you pay it separately, they really want the whole thing: PITI.

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