A good place to start your journey down the path to homeownership is to understand the terms associated with the process of purchasing and owning a home. If you are considering buying a home for the first time pay close attention to the definitions below. These are terms that you will hear throughout the process communicated by attorneys, mortgage professionals, real estate agents, etc. Show them that you're are an educated consumer and they will treat you as such.
This extensive list was created by The US Department for Housing and Urban Development.