Easy Guide to Homebuying Terms

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Across
  1. 6. Portion of purchase price paid in advance
  2. 7. Opinion as to the value of a property
  3. 8. Instrument that discharges a lien
  4. 10. Written history of a property
  5. 14. Deposit of funds set aside until closing
  6. 15. Costs associated with transfer of property
  7. 16. Limit on how much interest rates can rise
  8. 18. Deed is held by a third party (trustee)
  9. 19. Percentage based on annual loan cost
Down
  1. 1. List of payments due on a loan
  2. 2. Determines if an applicant is eligible
  3. 3. The amount of a debt
  4. 4. Percentage paid for use of a bank's money
  5. 5. Also known as PMI
  6. 9. Risk analysis of a borrowers application
  7. 11. Remaining balance due after a set time
  8. 12. Establishes ownership of a property
  9. 13. Lien against a property for unpaid taxes
  10. 17. Document that serves a security for payment
  11. 20. Pay off one loan with the proceeds of another