You’ve heard the term before, but do you really know what it means? Don’t feel embarassed, I didn’t really understand what it meant or the importance of being pre-approved for a mortgage until I started the process of searching for my first home.

In this video and a number of other videos, we’ll be sharing this week Diann Patton of Coldwell Banker Grass Roots Realty will be defining some real estate terminology and explaining the basics of some of the most common but misunderstood parts when buying your first home.

Watch the video above or click here to view it on the Coldwell Banker On Location YouTube channel.