On the path to buying your first home and obtaining a mortgage, it’s common to come across a lot of unfamiliar terms. From ARM to APR and HOA to FAH, the lingo may seem complex and confusing. This video from USA Today explains the ABCs of homebuying, arming you with valuable information to become an educated and savvy home shopper.
Want to learn more? Check out Universal American Mortgage Company’s Dictionary – a convenient resource to help you avoid confusion as you move through the process of buying and owning your new home.
Read more: First-time home buyers face a complex and ever-changing market: Here’s a guide.
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