5 Homebuying Acronyms You Need to Know
Robert Embley
Robert Embley is the Principal Broker of Salt Lake Realty Group, serving buyers and sellers throughout the Wasatch Front. Founder and Principal ...
Robert Embley is the Principal Broker of Salt Lake Realty Group, serving buyers and sellers throughout the Wasatch Front. Founder and Principal ...
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.