When you look at information online about financing a home, you’ll see many different terms. Some are pretty straightforward. Others, especially acronyms, can be perplexing. To make sure you’re making an informed decision when shopping for a mortgage, here’s a list of some of the most common real estate terms related to financing.
Adjustable-Rate Mortgage (ARM) – A type of mortgage where the interest rate can change over time based on a specific benchmark. The mortgage usually... read more