Homebuying Terminology

5 Homebuying Terminology You Need to Know

If you are buying a home, be sure you are familiar with the homebuying terminology or acronyms you will encounter during the purchasing process. Here are 5 of the most common terms: APR, FRM, DTI, PMI and P&I.

Some Highlights:

Learning the lingo of homebuying is an important part of feeling successful when buying a home.
From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
Your local professionals are here to help you feel confident and informed from start to finish…and this infographic will help you as you go.