Don't be a Basic B!$%#
The money you borrow from a Lender
What is a loan?
This is the extra cost you pay to the bank for borrowing money, shown as a percentage.
What is interest?
This popular home loan requires just 3.5% down and is insured by the government.
What is an FHA Loan?
This type of agent represents the buyer in a transaction.
What is a Buyer's Agent?
A written document that provides an unbiased estimate of a property's value
What is an Appraisal?
Most common type of mortgage, typically lasting 15 or 30 years.
What is a fixed-rate mortgage?
Term used when a borrower chooses not to lock an interest rate once they're under contract.
This is meant to protect the buyer in case something is wrong with the house.
What is a Home Inspection?
This person is a professional who manages the administrative and organizational aspects of a real estate transaction, often assisting the agent.
What is a Transaction Coordinator?
This program allows eligible buyers to purchase with 0% down in rural areas.
What is a USDA Loan?
TMF required credit score for Conventional Loans
What is 620?
PMI stands for this, which is required when you down payment is less than 20%.
What is Private Mortgage Insurance?
This real estate market condition happens when there are more buyers than homes available.
What is a Sellers Market?
This agent fee is typically split between the buyer’s and seller’s agents.
What is the commission?
Money given from family members for a down payment is often called this.
What is a gift?
This person evaluates your financial situation to approve your loan.
What is a loan officer?
The government-backed loan program that helps veterans buy homes.
What is a VA Loan?
This room is often considered the "Heart of the Home."
What is the Kitchen?
This acronym, "CMA" helps an agent determine the value of a home.
What is a comparative market analysis?
This is the term for a temporary loan used to cover gaps in home financing.
What is a Bridge Loan?
This part of the mortgage payment covers homeowners insurance and property taxes.
What is escrow?
This document shows all your loan terms and closing costs.
What is the Closing Disclosure?
What is a closet?
This Real Estate Agent closed 363 transactions in 1 year with a volume over $95 Million.
Who is Kendra Cooke?
Conforming Loan Limit for 2025.
What is $806,500?