Buying a Home

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Across
  1. 2. property which is used as security for a debt
  2. 5. an increase in prices
  3. 7. a homebuyer's agreement to take on the primary responsibility for paying an existing mortgage from a home
  4. 9. a legal action that ends all ownership rights in a home when the homebuyer fails to make the mortgage payments or is otherwise in default under the terms of the mortgage
  5. 10. the legal document transferring ownership or title to a property
  6. 11. the right to, and to the ownership of, property. a title or deed is sometimes used as proof of ownership of land
  7. 13. the cost you pay to borrow money
  8. 14. everything of value an individual owns
Down
  1. 1. something given up or agreed to in negotiating the sale of the house
  2. 3. legally declared unable to pay your debts
  3. 4. a loan using your own home as collateral
  4. 6. an offer made in response to a previous offer.
  5. 8. a formal bid from the homebuyer to the home sellers to purchase a home
  6. 10. money owned from one person to another or institution to another person or institutions
  7. 12. a percentage added to the index for an ARM to establish the interest rate on each adjustment rate