Car and Home Loans

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Across
  1. 4. A simple interest home loan
  2. 6. What annual taxes is paid on a home, based on the value of the home, usually paid quarterly or rolled into a mortgage
  3. 7. A sum of money paid on a home’s purchase day that is deducted from the home’s sale price
  4. 11. A loan where interest only accrues on the principal, interest does not roll into the principal making it larger
  5. 13. The amount of money a person is willing to pay for a home
  6. 15. Renting a car, usually longer than one year
  7. 16. A guarantee that a car will meet certain requirements within a set amount of time
  8. 17. An agreement between a homeowner and an insurance agency that the agency will pay for damages to the home if any occur
Down
  1. 1. Failure to pay a loan
  2. 2. A licensed professional who represents a buyer or a seller of a home
  3. 3. An amount of money paid at a mortgage's closing date
  4. 5. The amount of money currently owed on a loan
  5. 8. Take out a loan to purchase a car
  6. 9. The percentage rate used to calculate the amount of interest an account or loan
  7. 10. The date the mortgage paperwork is signed and finalized
  8. 12. A licensed professional's opinion of the physical state of a home
  9. 14. The duration of a loan