1/20/23 FM

When there are few homes for sell.

• Buyer's Market

• Under Contract

• Seller's Market

• HOA

An initial payment made when purchasing a home.

• Earnest Money

• Down Payment

• Escrow

• Appraisal

When both parties have signed an offer.

• Amortization Chart

• LTV

• Buyer

• Under Contract

The principal, interest, taxes and insurance.

• HOA

• PI

• LTV

• PITI

An interest rate that is locked in for the life of the loan.

• LTV

• Term

• Adjustable Rate Mortgage

• Fixed Interest