{"id":4062,"date":"2022-03-11T05:00:46","date_gmt":"2022-03-11T11:00:46","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/"},"modified":"2022-03-11T05:00:46","modified_gmt":"2022-03-11T11:00:46","slug":"key-terms-for-homebuyers-infographic","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/","title":{"rendered":"Key Terms for Homebuyers [INFOGRAPHIC]"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/03\/09163232\/20220311-KCM-Share-549x300.png?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Key Terms for Homebuyers [INFOGRAPHIC] | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/03\/09163150\/20220311-MEM.png?ssl=1\" target=\"_blank\" rel=\"nofollow noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-46143\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/03\/09163150\/20220311-MEM.png?resize=650%2C1666&#038;ssl=1\" alt=\"Key Terms for Homebuyers [INFOGRAPHIC] | Simplifying The Market\" width=\"650\" height=\"1666\" \/><\/a><span id=\"more-46142\"><\/span><\/p>\n<h3><strong>Some Highlights<\/strong><\/h3>\n<ul>\n<li>Knowing key <a href=\"https:\/\/www.ftc.gov\/sites\/default\/files\/documents\/one-stops\/real-estate-competition\/realestateglossary.pdf\" target=\"_blank\" rel=\"nofollow noopener\">housing terms<\/a> and how they relate to today\u2019s market is important. For example, when <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/03\/08\/how-global-uncertainty-is-impacting-mortgage-rates\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">mortgage rates<\/a> and <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/03\/03\/are-home-prices-continuing-to-rise\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">home prices<\/a> rise, it impacts how much home you can afford.<\/li>\n<li><a href=\"https:\/\/magazine.realtor\/tool-kit\/rookie\/article\/2020\/02\/real-estate-glossary\" target=\"_blank\" rel=\"nofollow noopener\">Terms<\/a> like <a href=\"https:\/\/www.simplifyingthemarket.com\/2021\/10\/25\/knowledge-is-power-when-it-comes-to-appraisals-and-inspections\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">appraisal<\/a> (what lenders rely on to validate a home\u2019s value) and the <a href=\"https:\/\/www.simplifyingthemarket.com\/2022\/01\/28\/why-your-home-inspection-matters-infographic\/?a=375140-ca8522ad04357da9549c08492a932f70\" target=\"_blank\" rel=\"nofollow noopener\">inspection contingency<\/a> (which gives buyers essential information on a home\u2019s condition) directly impact the transaction.<\/li>\n<li>Buying a home can be intimidating if you\u2019re not familiar with the <a href=\"https:\/\/blog.firstam.com\/15-real-estate-terms-you-should-know\" target=\"_blank\" rel=\"nofollow noopener\">terms<\/a> used throughout the process. Let\u2019s connect so you have an expert guide and advice for any questions that may come up.<\/li>\n<\/ul>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some Highlights Knowing key housing terms and how they relate to today\u2019s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home\u2019s value) and the inspection contingency (which gives buyers essential information on a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4063,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-4062","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Key Terms for Homebuyers [INFOGRAPHIC]&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Terms for Homebuyers [INFOGRAPHIC]&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Some Highlights Knowing key housing terms and how they relate to today\u2019s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home\u2019s value) and the inspection contingency (which gives buyers essential information on a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/\" \/>\n<meta property=\"og:site_name\" content=\"NWI Loan Guy Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-11T11:00:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/03\/09163232\/20220311-KCM-Share-549x300.png\" \/>\n<meta name=\"author\" content=\"Scott\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/\"},\"author\":{\"name\":\"Scott\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\"},\"headline\":\"Key Terms for Homebuyers [INFOGRAPHIC]\",\"datePublished\":\"2022-03-11T11:00:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/\"},\"wordCount\":108,\"image\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1\",\"keywords\":[\"100% financing\"],\"articleSection\":[\"Local Info\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/\",\"url\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/\",\"name\":\"Key Terms for Homebuyers [INFOGRAPHIC]&#8212;NWI Loan Guy Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1\",\"datePublished\":\"2022-03-11T11:00:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/nwiloanguy.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1\",\"width\":549,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/key-terms-for-homebuyers-infographic\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Key Terms for Homebuyers [INFOGRAPHIC]\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/\",\"name\":\"NWI Loan Guy Blog\",\"description\":\"Home Loans and Mortgage Refinances in Indiana and Illinois\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nwiloanguy.com\\\/blog\\\/#\\\/schema\\\/person\\\/a2840f8950fa5f9de1d1db60cab8be1e\",\"name\":\"Scott\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g\",\"caption\":\"Scott\"},\"sameAs\":[\"http:\\\/\\\/www.nwiloanguy.com\",\"https:\\\/\\\/www.facebook.com\\\/NWIHomeLoans\",\"https:\\\/\\\/x.com\\\/loan_guy\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Key Terms for Homebuyers [INFOGRAPHIC]&#8212;NWI Loan Guy Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/","og_locale":"en_US","og_type":"article","og_title":"Key Terms for Homebuyers [INFOGRAPHIC]&#8212;NWI Loan Guy Blog","og_description":"Some Highlights Knowing key housing terms and how they relate to today\u2019s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford. Terms like appraisal (what lenders rely on to validate a home\u2019s value) and the inspection contingency (which gives buyers essential information on a [&hellip;]","og_url":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/","og_site_name":"NWI Loan Guy Blog","article_publisher":"https:\/\/www.facebook.com\/NWIHomeLoans","article_author":"https:\/\/www.facebook.com\/NWIHomeLoans","article_published_time":"2022-03-11T11:00:46+00:00","og_image":[{"url":"https:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2022\/03\/09163232\/20220311-KCM-Share-549x300.png","type":"","width":"","height":""}],"author":"Scott","twitter_misc":{"Written by":"Scott","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/#article","isPartOf":{"@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/"},"author":{"name":"Scott","@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e"},"headline":"Key Terms for Homebuyers [INFOGRAPHIC]","datePublished":"2022-03-11T11:00:46+00:00","mainEntityOfPage":{"@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/"},"wordCount":108,"image":{"@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/03\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1","keywords":["100% financing"],"articleSection":["Local Info"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/","url":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/","name":"Key Terms for Homebuyers [INFOGRAPHIC]&#8212;NWI Loan Guy Blog","isPartOf":{"@id":"https:\/\/nwiloanguy.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/#primaryimage"},"image":{"@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/03\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1","datePublished":"2022-03-11T11:00:46+00:00","author":{"@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e"},"breadcrumb":{"@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/#primaryimage","url":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/03\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1","contentUrl":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/03\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1","width":549,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/nwiloanguy.com\/blog\/key-terms-for-homebuyers-infographic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nwiloanguy.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Key Terms for Homebuyers [INFOGRAPHIC]"}]},{"@type":"WebSite","@id":"https:\/\/nwiloanguy.com\/blog\/#website","url":"https:\/\/nwiloanguy.com\/blog\/","name":"NWI Loan Guy Blog","description":"Home Loans and Mortgage Refinances in Indiana and Illinois","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nwiloanguy.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nwiloanguy.com\/blog\/#\/schema\/person\/a2840f8950fa5f9de1d1db60cab8be1e","name":"Scott","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7070c0e7f57008527a09dbef24de155ba16daedbf61748d3598995b65c3c0ce5?s=96&d=mm&r=g","caption":"Scott"},"sameAs":["http:\/\/www.nwiloanguy.com","https:\/\/www.facebook.com\/NWIHomeLoans","https:\/\/x.com\/loan_guy"]}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2022\/03\/20220311-KCM-Share-549x300-1.png?fit=549%2C300&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p65HxI-13w","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts\/4062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/comments?post=4062"}],"version-history":[{"count":0,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/posts\/4062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/media\/4063"}],"wp:attachment":[{"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/media?parent=4062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/categories?post=4062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwiloanguy.com\/blog\/wp-json\/wp\/v2\/tags?post=4062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}