PITI - An abbreviation for the parts of a typical monthly mortgage payment. Points are prepaid interest on your mortgage, charged by the lender at the time of closing. PMI - Stands for Private Mortgage Insurance. PMI is an insurance policy the borrower buys to protect the lender from non-payment of the loan. It refers to a category of loan programs that offer more lenient underwriting provisions and expanded credit guidelines.
Subprime loans are available at various interest rates and terms.
They also offer capabilities for debt consolidation allowing borrowers to get a mortgage with enough extra cash to consolidate loans.