Home Buyer Dictionary

ARM? GPM? PITI? You’d have to be a cryptologist to figure out some of the terms buyers encounter during the home buying process. Doing research on how to buy a house before beginning the process can greatly improve your experience and prepare you for the exciting course ahead. And with this glossary of home buying terms at your side, you can rest easy that your new home won’t get lost in translation.

Article courtesy of NAHB

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It's a Buyer's Market

“With more homes to choose from, prices softening, interest rates still at their lowest, and more time to make a rational purchasing decision, what more could a buyer ask for? Learn more about current buyer’s market news.”

 

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“Still on the fence...

Consider this… 60% of the average homeowner’s wealth comes from their home’s equity and the average homeowner’s net worth is nearly 46 times that of a renter’s. Data based on historic percentage returns and provided by the National Association of Realtors."

 

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