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Are you thinking about buying a home but don't know an "ARM" from a "lien"?
Here's a short primer on Mortgage lingo to help.
Still confused? Call one of our real estate professionals to assist and educate you along the way.
Mortgage Lingo
Adjustable rate: An interest rate that that may change over the life of the loan. Appraisal: A report expressing the estimated value of a property based on a comparison of similar saleable properties. Assumable mortgage: A loan that can be transferred with...