Buyer’s Agent vs. Instead of having to come up with a 20% down payment, a buyer Listing Agent. It consists of an 80% - 30 year first lien at market rates, a 10% - 15 year second lien at a slightly higher interest rate, and a 10% down payment. If you aren't familiar with real estate terminology, the words and phrases being thrown about can get pretty confusing. Welcome to one of the most in-depth, detailed real estate glossary on the web! We’ve compiled an ever-growing list of 52 real estate terms you should know to help you better understand the process and plan your move. Annual Percentage Rate (APR): The cost of Appraisal: A professional analysis used a loan or other financing … There are usually two agents involved when you buy a home; the “buyer’s agent,” who represents you, and the “listing agent,” who represents the home seller. 1. Glossary of Real Estate Terms 80-10-10 A type of blended mortgage loan which avoids private mortgage insurance (PMI). Whether you are a real estate agent looking for clarification on legalese, or a buyer or seller seeking clarification on common terms you are seeing pop up in paperwork, we can help. The following are the real estate terms we’ll explain (in the table of contents, we’ve grouped the terms by category, and we’ll explain them in … and protects consumers, has prepared this glossary to help you better understand the terms commonly used in the real estate and mortgage marketplace. Here are ten real estate terms and definitions you should know before you start looking for a home. Real Estate Terms.
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