Quote Originally Posted by civic95
So your saying Propery Taxes, PMI, Insurance, and repairs won't equate to a possible 40% more than your Principal and Intrest?

Let me ask you something:

Why would "dry" weight of a car matter since it will NEVER run "dry"?

Reason I use that analogy is because we use PITI to QUALIFY, so why would P&I ALONE matter in the first place? We HAVE to use PITI, unless you waive escrows. Even then in most cases the UW will still factor in the amount to make sure you still qualify. So the only reasons to advertise P&I ONLY are: A: you are trying to mislead someone; or B: those are the only figures that matter to the prospective person. I see no other reason(s) that matter IMO.

So when we say, "You qualify for $_________ price house and your payment will be $_________/mo...".....We ARE talking about PITI, not just P&I.

This is why this lady is pissing me off because she assumes EVERYBODY is unscrupulous and tries to mislead their customer. That is NOT true.