14 Real Estate Terms That Everyone Should Understand

"So you are entering the real estate world? Whether you are trying to buy or sell a home (or do both!), you need to familiarize yourself with the lingo. You don’t want industry jargon to confuse you and keep you from missing something crucial. Here are 14 real estate buzzwords to keep you in the know."

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1. Adjustable Rate Mortgage (ARM)

2. Amortization Schedule

3. Closing

4. Down Payment

5. Escrow

6. Fannie Mae/Freddie Mac

7. Flipping

8. Good Faith Estimate

9. Lien

10. Pre-Approval

11. Prequalification

12. Prime Rate

13. Underwater

14. Underwriting

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