40 Real Estate Terms To Master Before Your First Home

Timecodes:

0:00 - Intro
0:29 - Real Estate Agent
0:54 - Dual Agency
1:16 - Credit Score
1:40 - PITI
2:04 - Debt-To-Income Ratio
2:31 - Pre-Approval
2:56 - Multiple Listing Service (or MLS)
3:14 - Pocket Listing
3:27 - Short Sale
3:52 - Probate Sale
4:13 - For Sale By Owner (FSBO)
4:31 - Comp
4:48 - Days On Market (DOM)
5:12 - Homeowners Association (HOA)
5:35 - Offer
6:35 - Proof Of Funds
6:55 - Earnest Money
7:20 - Title Search
7:45 - Appraisal
8:08 - Seller’s Disclosure
8:28 - Contingency
8:58 - Sold “As-is”
9:27 - Mortgage Interest Rate
10:00 - Down Payment
10:19 - PMI (Private Mortgage Insurance)
10:40 - Mortgage
10:58 - Fixed Rate Mortgage
11:15 - Adjustable-Rate Mortgage (ARM)
11:38 - FHA Loan
11:59 - VA Loan
12:17 - USDA Loan
12:33 - Rate Lock
12:47 - Mortgage Points
13:09 - Amortization Schedule
13:29 - Escrow
14:10 - Home Inspection
14:34 - Closing Costs
15:01 - Deed
15:10 - Appreciation
15:28 - Equity

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.