7 terms every homebuyer should know

As essential as learning the whats and hows of a home buying process is knowledge on some of the terms used. Do you understand prepaid items such as prorated property taxes and homeowner's insurance? What about the different costs you are responsible for paying when you buy a home? or the days buyers typically have after the contract is agreed on to have a signed financing agreement in place from a lender? While the terms used may change from place to place, there are 7 terms every homebuyer should know, and are particularly important for you to understand.

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