If you think ARM, GPM and FHA are text message abbreviations, you may not be ready for the home buying or selling experience. They’re actually acronyms for terms you’ll come across as you move through the process of getting a mortgage, purchasing a home or putting your home up for sale. This helpful homebuyer’s dictionary from the National Association of Home Builders can help you better understand the language of lending and real estate. So, schedule a study session, break out the flash cards and get ready to ace your home buying or selling experience!
P.S. It’s ok to cheat a little by letting Vanguard Realty Associates give you the answers!