Finance Crossword #1

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Across
  1. 2. Truth In Lending Act
  2. 6. Right of owner to pay full amount plus fees and get property back
  3. 8. Amount of Loan given per the Value of the Property
  4. 10. Process of killing the loan
  5. 12. Private Mortgage Insurance charged when borrower has less than 20% down payment
  6. 13. Fee charged by lender for providing loan
  7. 17. Original amount borrowed or remaining on a loan.
  8. 20. Monthly payment of Principal, Interest, Taxes & Insurance
  9. 21. requirement to pay off loan before scheduled date
  10. 23. 1% of the loan amount
  11. 24. Type title buyer has in the property
  12. 25. Lump sum payment paid later in the loan period
  13. 26. Includes Interest & all other finance charges
  14. 27. Difference between market value and loan balance
Down
  1. 1. Interest Rate fluctuates
  2. 2. Period of time for repayment of Principal & Interest
  3. 3. Process of giving real property as collateral for a mortgage loan
  4. 4. document filed to verify buyer has paid in full
  5. 5. Pledge of property as collateral for loan
  6. 7. Government insured loan for buyers not having a lot of money for down payment
  7. 9. Loan that typically requires 20% Down Payment
  8. 11. Protects collateral
  9. 14. Promise to repay loan
  10. 15. Loan guaranteed by VA Assoc
  11. 16. Required by LAW
  12. 18. Type of title the bank has in the property in a Title Theory State (NC)
  13. 19. Real Estate Settlement Procedures Act
  14. 22. Charge for the use of money, may be fixed or variable