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America’s 1st News

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America’s 1st News

4:00 am 6:00 am

Ep 61: Back to the Basics – The Homebuyer Dictionary

Written by on June 4, 2020

If you are new to the homebuying process or just a need a refresher, this episode runs through all of the steps to buying a home and explains all the key terms you’ll need to know.


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Today’s show schedule: 

1:24 – What’s new in the real estate market in the area?

4:44 – A lot of people asking about mortgage relief, forbearance, the CARES Act.  

7:11 – We’re going back to the basics on today’s show.  

7:34 – Prequalification and pre-approval

9:42 – The different types of loans and mortgages.  

11:59 – What is the MLS?

14:42 – Due diligence and earnest money.

17:55 – Making an offer.

19:18 – The process between the offer and closing.

22:00 – Closing costs

26:10 – Moving day

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