Stana Drmac-Hermann
Licensed in three states, Missouri, Illinois and Indiana, Stana has over 10 years of experience in the real estate industry. Her background includes being a mortgage loan originator, real estate broker, lessor/landlord, builder and developer and rehabber. She is versed in insurance and title work related to home sales and refinancing.
A home loan/mortgage is the most common form of financing. In order to obtain a home loan, the borrower must first be approved.
Like most industries, there are an abundance of mortgage terms and acronyms that may confuse the average homebuyer and/or homeowner. Read more to find the most commonly used lingo.
When buying or refinancing, your Realtor®or Mortgage Professional may reference various types of loans. It's important to be an educated mortgage consumer by understanding these types of home financin...

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