Careers
This type of career determines how much a house is worth.
Appraiser
An amount of money that you borrow in order to purchase a home you cannot afford.
Loan or Mortgage
A percentage of a down payment a buyer makes to show the seller that they are serious.
Earnest money
The two most common lengths of time for a mortgage.
15 years and 30 years
You may waive this, but it is recommended to be done before purchasing a home so you know if there is anything that needs to be fixed.
Inspection
This person can help consumers buy or sell a property. They work on commission.
Real Estate Agent
An individual's money, checking or savings, stocks, bonds, and other items with monetary value.
Assets
Before you get a loan, you need to be __________ for an amount of money you can spend on a house.
Pre-approved
When your house increases in value, you gain more of this.
Equity
The city, area, and surroundings of where a home is. Could be safe, more dangerous, or somewhere in the middle.
Location
This person, or company, gives out mortgage loans for people to buy houses.
Lender or Mortgage Broker
This type of mortgage keeps the same annual percentage rate for the duration of the loan.
When you are buying a house, you need to be able to pay part of the home cost in cash upfront. This is called a _______ ___________.
Down payment
This is how long it can take to purchase a home from the time you decide to buy.
Anywhere from 1 day to years.
These typically are included with the purchase of a home and are used for things like cooking, washing, and keeping food fresh.
Appliances
This person helps people decorate, layout, and design the inside of their living space.
Interior Designer or Interior Decorater
This term describes the amount that goes down as you pay off your loan.
Principal
How quickly you should make an offer on a home once you know you want to buy.
ASAP
30-45 days
This term describes things you pay for every month like water, sewage, electricity, heat/AC, etc.
Utilities
This person designs homes and buildings based on criteria designated by client orders such as square footage, number of rooms and special features.
Architect
Common damages that are covered include fires, burglaries and windstorms. In exchange for coverage, you pay a monthly premium.
Home Owner's Insurance
State Farm, Allstate, and American Mutual are all possible choices for this. You must choose a plan before closing on a house.
Insurance or Home Insurance
In recent years, this is likely how long it can take to get an offer on a home once you place it on the market to sell.
One day to a month.
How often you need to make payments on a home after purchasing.
Every month