HIGHLIGHTS

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Resources for FIRST TIME HOME BUYERS: “Good Neighbor Next Door” – From HUD.gov U.S. Department of Housing and urban Development Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of […]

GLOSSARY

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Acceptance An offeree’s consent to enter into a contract and be bound by the terms of the offer. Additional Principal Payment A payment by a borrower of more than the scheduled principal amount due in order to reduce the remaining balance on the loan. Adjustable-Rate Mortgage (ARM) A mortgage that permits the lender to adjust […]