If a Mortgage Includes an Optional Escrow Account, the Payment

question 28

True/False

If a mortgage includes an optional escrow account, the payment is actually divided into four parts abbreviated PITI, which is Principal, Interest, Transaction Fees, and Incidentals.​

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Definitions:

Biological Factor

Any physiological, genetic, or biochemical influence that can affect a person's mental or physical health.

Fear Acquisition

The process of learning to fear something through direct experience or observation, which plays a key role in anxiety disorders.

Context

The circumstances or setting surrounding a particular event, statement, or idea which can significantly influence its meaning or effect.