Guide to understanding mortgage terms
Just about every industry has its own jargon that makes perfect sense to insiders but often confusing for everyone else. The home loan business is no different. Points. APR. Closing costs. FHA. ...
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Just about every industry has its own jargon that makes perfect sense to insiders but often confusing for everyone else. The home loan business is no different. Points. APR. Closing costs. FHA. ...
Today, most of us are looking for ways to reduce our carbon footprint, both for taking care of the environment as well as for adding some dollars back into our monthly budgets. Thankfully, when it ...
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.
(Article Updated April 12, 2019)
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The homebuying process can seem daunting, but with the right planning it doesn’t have to be. If you choose your team carefully and make the proper arrangements in advance, buying a home can be a smooth, predictable and rewarding process.
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