Key Terms for Homebuyers
Posted by Delancey Vela on Tuesday, March 15, 2022 at 10:00 AM By Delancey Vela / March 15, 2022 Comment
Key Terms for Homebuyers [INFOGRAPHIC]
- Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford.
- Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction.
- Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Let’s connect so you have an expert guide and advice for any questions that may come up.