Monthly Payments On Rental Property Financial Glossary
What is it? For purposes of a real estate loan application, the sum of all monthly payments of principal and interest on all mortgages (including subordinate mortgages and secured lines of credit) held on non-owner-occupied properties, plus monthly payments or accruals for property taxes, hazard insurance and mortgage insurance, but NOT including normal maintenance fees, utilities or repairs.Finance Term Definition Added By: Aiden
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