15 Real Estate Terms Explained

MSN Real Estate recently posted 15 terms one is sure to hear during their navigation within the real estate market. The terms:

  • Adjustable rate mortgage
  • Amortization schedule
  • Closing
  • Down payment
  • Escrow
  • Fannie Mae/Freddie Mac
  • Flipping
  • Good faith estimate
  • Lien
  • Points
  • Preapproval
  • Prequalification
  • Prime rate
  • Underwater
  • Underwriting

Please read “15 real estate terms explained” for definitions.

 

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