Here's a list of some of the most common terms in the homebuying process.
APPRAISAL
A professional analysis used to estimate the value of a home.
A necessary step in validating a home's worth to you and your lender as you secure financing.
CLOSING COSTS
The fees required to complete the real estate transaction. Paid at closing, they include points, taxes, title insurance, financing costs, and items that must be prepaid or escrowed.
Ask your lender for a complete list of closing cost items.
