Buying a home is an exciting time and one of the most confusing aspects of the home buying process is the mortgage terminology. If you are a first-time homebuyer, you may feel like you need a translator to understand everything. But don't worry, I have you covered! Here are some of the most common mortgage terms you need to know:
Understanding these terms will help you make informed decisions when it comes to your mortgage. Don't let the jargon scare you away from your dream home. With this mortgage lingo cheat sheet, you'll be speaking the language of homeownership in no time!
Also, don't forget that I am here to help you and so is your mortgage broker. We are a team that work together to get you the best opportunity possible.