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5 Homebuying Acronyms You Need to Know

Share

5 Homebuying Acronyms You Need to Know

Robert Embley

Our founder and Principal Broker. Licensed since 2010. Over 100 homes sold along the Wasatch Front...

Our founder and Principal Broker. Licensed since 2010. Over 100 homes sold along the Wasatch Front...

Oct 4 1 minutes read

5 Homebuying Acronyms You Need to Know

 

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | MyKCM


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.
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