Glossary of Terms for Home Buyer

Bankers & Realtors Have Their Own Language
When you prepare yourself to enter the Real Estate arena, it may not matter how hard you think you have studied and prepared, you will still end up asking "What is that?" or "How does that work?" Some things vary from situation to situation or even lender to lender etc. One thing is for sure....you need a basic source that you can refer back to for reference when you are trying to remember what the Appraisal is, at what stage in the process it is usually done, and who pays for it. Trust me...these are very important facts you will want to know. Fairly early in my research I found "How To Buy A House" by Michael Bluejay which just seems to have all the basic info and is well written. It's definitely a great reference to have.