Summary: When it comes to the world of homebuying in Washington, Oregon, Idaho or Colorado there's a certain lingo that's unique to this realm. This can make it a bit difficult for buyers who are new to the homebuying game…
Short summary: One of the challenging things about applying for a home mortgage loan is learning new terminology which is unique to the mortgage application process. This article provides definitions for a few terms which are commonly encountered when a…
"Will you need PMI because of your LTV, and how does your APR affect your ARM?" Say what? Banks and mortgage lenders often use industry acronyms that leave borrowers scratching their heads. First-time home buyers, in particular, have a hard…