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Financial Algebra – Chapter 8.4 – Purchasing a Home

Published in Financial Algebra

In this video we discuss the vocabulary used in the purchasing of a home. Understanding what the words mean, will help you understand the process and minimize the stress involved in such a major transaction. We talk about Recurring Costs, Non-recurring costs, Closing, Closing Costs, Earnest Money Deposit (EMD), Attorney Fees, Origination Fee/Points, Title, Points, Discount Points, Transfer Tax, Amortization Table, Initial Rate and Adjustment Period. Also be sure to check out the daily podcast and our social media pages Twitter @BusinessBrosPod and Facebook @SiasFirst.

Podcast: https://siasfirst.com/category/podcasts/

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