APR. LE. PMI… What do all of those acronyms mean? AAFMAA Mortgage Services (AMS) breaks through the confusion of these standard industry terms to make the home-buying (and selling) process easier for you. Get their cheat sheet below.
By Rob Greenbaum
Vice President of Sales
AAFMAA Mortgage Services LLC (AMS)
Just like the military, the mortgage industry uses plenty of acronyms. And if you’re a first-time home buyer who is unfamiliar with the lingo, it might sound like a foreign language. Fortunately, this list gives you insight into the top 11 you’ll really want to know going into any meeting with a mortgage lender.
View the full cheat sheet in the Learning Hub on AAFMAA.com.
You can get even more insights and start your home planning with AAFMAA Mortgage Services.
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