5 Homebuying Acronyms You Need to Know
Robert Embley
Founder and Principal Broker. BA in Economics from Fordham University. Licensed since 2010. I operated as a Sales Agent from 2010 to 2015...
Founder and Principal Broker. BA in Economics from Fordham University. Licensed since 2010. I operated as a Sales Agent from 2010 to 2015...
5 Homebuying Acronyms You Need to Know
![5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/10/02090600/20191004-MEM-1046x1308.jpg)
Rapid fire style here are a few more that we use every day
6) LTV: Loan to Value Ratio
7) ARV: After Repaired Value
8) ROI: Return on Investment
9) REO: Real Estate Owned (what banks call foreclosures)
10) DOM: Days On Market
Some Highlights:
- Learning the lingo of homebuying is an important part of feeling successful when buying a home.
- From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
- Your local professionals are here to help you feel confident and informed from start to finish…and this infographic will help you as you go.