Earnest money. Escrow. Fixed rate mortgage. 100 percent financing. Terms like these can baffle first-time or even veteran home buyers. Fortunately, several local mortgage companies offer assistance in decoding the mysteries of mortgage and real estate language via free classes sponsored by the Washington State Housing Finance Commission. “We teach the basics of what’s out there for first-time home buyers,” said Julia Hansen, senior mortgage loan officer from Valley Guild Mortgage, who has been leading these free workshops since 1999/Cindy Hval, SR. More here.
Question: How much did you know about home-buying process when you bought your first home?