Beginning of Essay
As each American ventures into their journey through the “game of life”; one often begins with finding a home. Some prefer renting; yet, many prefer to buy a home. Buying a home can be exciting and perplexed. Getting the proper information can greatly help ....

Middle of Essay
.... to the stated interest rate. Appraisal-an expert judge of the value or worth of the property. Assessed value- the value placed on a property by a municipality for the purpose of levy taxes. Balloon Payment- a large [principal payment due at the end all at once on some loans. Contract- binding legal agreement between two or more parties hat delineates the conditions for the exchange of property. Deed- a legal document that formally conveys ownership of property from the seller to the buyer. Equity- the value of property actually owned by the homeowner: purchase price plus depreciation, plus improvements, less mortgage and liens. Federal Nati ....