Chapter 10 & 11 Puzzle

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Across
  1. 3. A neutral third party, sometimes referred to as the trust administrator
  2. 7. The loan _______ fees are the expenses a lender incurs in processing a mortgage loan
  3. 9. What term represents one percent of the loan amount?
  4. 10. What is the market value of a property minus the debt against it?
  5. 11. A title that lacks the rights and privileges usually associated with ownership
  6. 13. What type of account would a lender place monthly taxes and insurance payments into?
  7. 14. In which type of loan is the final payment larger than the preceding payments?
  8. 15. The Department of _______ Affairs allows these individuals to get a loan out to buy a house with 100% loan and no money down
  9. 16. Which type of loan payment structure would involve combining principal, interest, taxes, and insurance?
  10. 17. One advantage of a deed of trust is that once the foreclosure sale takes place, there is usually no statutory ________
Down
  1. 1. Which type of loan is not insured by the FHA or guaranteed by the VA?
  2. 2. What is the value owed on a loan?
  3. 4. A _______ is a document used to return title from the trustee back to the property owner once the debt has been paid
  4. 5. Which type of loan requires periodic payments that include both interest and partial repayment of principal?
  5. 6. What represents the end of the life of a loan?
  6. 8. What acronym represents a one time charge by the FHA?
  7. 12. Who borrows funds from a lender to acquire real property and creates the trust?
  8. 14. Who holds the deed of trust until funds are repaid by the borrower?
  9. 18. What acronym insures lenders against foreclosure loss?