Whether you’re a first-time home-buyer or a repeat homeowner, some of the terms mortgage lenders use may seem confusing and even intimidating. However, their language really isn’t as complex as it may seem.

The housing market crash of 2008 destroyed financial stability through its economic crisis. FHA's Back to Work program, borrowers may put down only 3.5 percent on a new mortgage. There are no premiums nor additional fees at closing. Participants must be ab