58d57c37_TERMS___Whitehorse_Real_Estate__Definition
[Term] P.I.T. [Definition] 
Principal, Interest, and Taxes – payments due on a regular basis under the terms of a mortgage agreement. Generally, payments are made monthly and include one-twelfth of the estimated annual municipal and school taxes. Since these taxes change from year to year, this section of the mortgage will change accordingly.
WHITEHORSE REAL ESTATE TERMS - Whitehorse Real Estate
Definition