Buying a House

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Across
  1. 6. the fee charged by the lender on money borrowed.
  2. 7. the work of keeping something in proper condition.
  3. 8. the total amount of money outstanding on a loan.
  4. 9. a person that rents and occupies a property from another person for a period of time.
  5. 11. a type of home mortgage loan for which equal payments of interest and principal are paid over the life of the loan.
  6. 12. a periodic payment made from a tenant to a landlord in return for the use of rental property.
  7. 15. a person who owns and rents property to others.
Down
  1. 1. is a person that owns a home.
  2. 2. the gradual repayment of a debt in installment payments over a period of time.
  3. 3. a _______________ mortgage is a type of mortgage that has equal payments, typically over 15, 30, or 40 years based on a fixed interest rate.
  4. 4. a policy in which an individual receives financial protection against losses from an insurance company in exchange for a premium.
  5. 5. services such as electricity, water or refuse disposal provided by a city or organization.
  6. 7. the common term used for the type of loan taken out when purchasing a home.
  7. 10. money provided by a tenant to a landlord to compensate for possible loss or damage to the rental property.
  8. 13. is an organization run by homeowners for the purpose of managing a development of homes and maintaining property values.
  9. 14. __________ rate mortgage or ARM is a mortgage that provides for periodic changes in the interest rate, based on changing market conditions.