Yasir  Khan

Yasir Khan

Sales Representative

RE/MAX IMPACT REALTY BROKERAGE*

Mobile:
647-896-6227
Office:
905-240-6777
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10 Real Estate Terms You Need to Know

When buying or selling a home, you’re going to encounter all the terminology that goes along with it. Many of these words and phrases are not common knowledge, and having a basic understanding of the ones used most often can make the process less daunting. Let’s look at a few real estate terms to know:

Adjustable-rate mortgage – There are two main types of mortgages. An adjustable-rate mortgage has an interest rate and mortgage payment that vary according to market conditions. It is less predictable than a fixed-rate mortgage but can potentially have very low interest rates at times.

 Fixed-rate mortgage – Fixed-rate mortgages are more predictable. They have an interest rate and mortgage payment that remain the same throughout the term, and does not fluctuate according to market conditions.

Complete Article:  https://blog.remax.ca/10-real-estate-terms-you-need-to-know/​

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