Key Terms for Homebuyers [INFOGRAPHIC]
Posted by Shayne Stone
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Some Highlights
- Knowing key housing terms and how they relate to todays 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 homes value) and the inspection contingency (which gives buyers essential information on a homes condition) directly impact the transaction.
- Buying a home can be intimidating if you're not familiar with the terms used throughout the process. Lets connect so you have an expert guide and advice for any questions that may come up.
Content previously posted on Keeping Current Matters
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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