Our home is more than just four walls and a place to eat and sleep. It’s where memories are made and some of our biggest life events happen. But did you know that for most Americans, a home is also the biggest asset they own?
Have you ever been on the phone with your mortgage banker and felt like they were speaking an entirely different language? Well, that’s because, to a certain extent, they are. Mortgage professionals use so many acronyms so often that they’ve basically created their own language, and it’s not unusual for customers, especially first-time homebuyers, to get confused.