Tagged : pre-approval RSS Feed

Whether you’re buying a home or looking to sell yours, chances are you’ll come across your fair share of real estate jargon. Oftentimes realtors will use acronyms as part of their listings, and rather than having to look up every word, we wanted to bring the complete list of most-used terms to you! Check out our collection of real estate lingo so you look like a pro for your next move. 

3B/2.5B - Three bedrooms and two and a half bathrooms. In order to be called a bedroom in our area, the room must be a sleeping area with a window and a closet. A full bath is a room with a toilet, sink and bathtub. A half bath otherwise known as powder room only has a toilet and a sink. 

Appraisal - An appraisal is an unbiased professional opinion of a home's…

Buying a home can be an overwhelming thought—especially for first time buyers. We’ve compiled a list of our most frequently asked buyer questions to help you get started on the home search! 

Q. What is the first step in the home buying process?

The first step in buying a home is to get pre-approved for a mortgage loan. The pre-approval process includes talking with a mortgage broker and providing them with information like pay stubs, bank statements, credit report, etc. to help them determine exactly home much of a home you can afford. This is important to do BEFORE you start the home search. If you start looking at homes but can’t get approved for a loan, it’s a waste of both yours and your realtor’s time. Not to mention, if you are approved…