Know These Terms Before You Buy A Home or Risk Losing Money!

Are you a first-time homebuyer feeling overwhelmed by mortgage terminology? Look no further! In this essential video, "Mortgage Terms Simplified," we break down the most common mortgage terms you need to know to navigate the home-buying process with confidence. Join us as we simplify key concepts like principal, interest, Taxes, Insurance, PMI (Private Mortgage Insurance), and more. These insights will help you make informed decisions, ensuring you’re well-prepared for one of the biggest investments of your life. Whether you're just starting your journey or ready to make an offer, this video is a must-watch for anyone looking to buy their first home or fifth home. Don’t let confusing terminology hold you back—empower yourself with knowledge today! Make sure to like, subscribe, and hit the notification bell for more helpful tips and resources on home buying. Let’s turn your homeownership dreams into reality! #MortgageTerms #FirstTimeHomeBuyer #HomeBuyingProcess #RealEstateTips #MortgageEducation #HomeLoans #FinancialLiteracy #VALoan #MitchTuckerMortgageBroker #Broker #Savemoney #interestrates Mitch Tucker 727-244-9568 [email protected] https://www.MitchTuckerMortgage.com Want to go over more in detail? Book a FREE strategy call! -- https://www.ScheduleWithMitch.com Follow me on all socials! -- "TheMitchTuck" 0:00 Intro 0:33 Mortgage 0:58 Principal 1:22 Interest 1:52 Taxes 2:26 Insurance 3:43 Association Dues 4:38 APR (Annual Percentage Rate) 5:22 Down Payment and Closing Costs 6:30 Origination Charges 7:22 Discount Points 8:10 Lender and Seller Credit 10:23 PMI (Private Mortgage Insurance) 10:55 Loan To Value 11:44 Earnest Money 12:36 Outro