TRI Pointe Homes

The ABC's of Buying a Home

FICOs and buy downs and escrow – oh my!

So, we admit it. When it comes to building homes, we love taking care of all the details. You might hear us tossing around terms like buy downs and earnest money and feel a little lost.

Know what we mean? Or are you lagging on the homebuying lingo?

For those purchasing their first home, we know that all those terms can be a little confusing. If you’re going to make sense of this alphabet soup, here are a few industry buzz words to get you started:

  • Equity: The value of a property exceeding the amount owed on it.
  • Curb Appeal: The home-shopping equivalent of love-at-first-sight.
  • Prepaids: That portion of your loan closing costs which must be collected at closing to cover taxes, interest and insurance.
  • Points: A one-time charge assessed by the lender at closing for the cost of the loan; each point is equal to 1% of the loan amount.
  • Rate Lock: The borrower and the lender agree to protect the interest rate, points and term of the loan while it is processed.

Yes, you might call us word nerds. But, that’s OK, because if there is one thing we love, it is building beautiful homes, creating thriving communities and serving our amazing families!

There are so many more terms to discover. Become an expert at homebuying lingo and learn some new terms by visiting

Add Seasonal Touches to Your Home Décor

To notice the first subtle change of the seasons is one of the most exciting feelings of the year, promising renewal and a fresh start. Of course, California residents may suggest that there is just o...

Read More

Let Your Garden Grow

When it comes to making a home beautiful, it’s important to not just pretty up the inside and but to spruce up the outside of a house. If you desire the look of a lush landscape, but fall short in t...

Read More