Key Terms to Know in the Homebuying Process [INFOGRAPHIC]

Buying a home can be intimidating if you’re not familiar with the terms used throughout the homebuying process.
To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way.
Do you know when the appraisal takes place? How much should you expect for closing costs? Why is your credit score significant? Do you need 20 percent for a down payment? And what exactly is the mortgage rate? Where do you get an approval letter? These are all important terms to know so you have confidence throughout the homebuying process.
The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher’ by putting your needs first.
Take advantage of our free search tool to get an idea of what’s available, then let’s connect if you have further questions!