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Mortgage Terms: Housing Expense Definition

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Mortgage Terms: Housing Expense Definition

Housing expense

Definition

The sum of mortgage payment, hazard insurance, property taxes, and homeowner association fees.

Same as PITI and "monthly housing expense."

Related Terms

Other terms related to 'Housing expense' starting with the letter 'H'

Home Equity Conversion Mortgage HECM, Home Keeper, Housing expense ratio, Housing bubble, Historical scenario

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