How about a short quiz to brighten up a wintery Wednesday. This time it’s real estate related “acronyms”. An acronym is a word formed from the initial letters of a name, such as FBI (Federal Bureau of Investigation) or ASAP (As Soon As Possible).
Now that you’ve got it… let’s give it a try? What do the following Acronyms stand for?
1.FSBO
2.ARM
3.FHA
4.FDIC
5.HUD
6.UCC
7.LTV
8.PMI
9.POA
10.BTSA
For the answers check the comments section of this blog entry.
Wednesday, March 09, 2005
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1. FSBO- For Sale By Owner
2. ARM- Ajustable Rate Mortgage
3. FHA- Federal Housing Administration
4. FDIC- Federal Deposit Insurance Corp
5. HUD- Housing and Urban Development
6. UCC- Uniform Commercial Code
7. LTV- Loan To Value
8. PMI- Private Mortgage Insurance
9. POA- Power of Attorney
10. BTSA- Bonus to Selling Broker
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