Thinking about buying a home? Know the lingo!

Below is a link to a blog post from Keeping Current Matters.  There are lots of terms that are tossed about during the home buying process by lenders and realtors alike.  I know I’ve been guilty of this, forgetting sometimes that some of these terms that I deal with every day may not be familiar to those not “in the business”.  And that is particularly true for first-time homebuyers!  Real estate has its own “lingo”, just as any profession.  So if you’re thinking about buying a home, or are in the process of doing so, here are some terms you should know.  And if your lender or realtor throws something else out there that you don’t understand, please don’t be shy about asking for an explanation or clarification!