General Terms

3. _______ the process of preparing, submitting, and evaluating a loan application
4. fees for final property transfer
8. a payment plan that enables you to reduce your debt gradually through monthly payments
9. credit score
12. _____ itemizes all closing costs
13. Negative
14. failure of a borrower to make timely mortgage payments under a loan agreement.
16. the portion of principal and interest due on a loan that is written off when deemed to be uncollectible
19. personal property permanently attached to real estate
20. Place where the loans are originated

1. Money earned before taxes and other deductions is called
2. _____ means transferring ownership of a property but does not make any guarantee of clear title.
5. _______ is the Loan that is not guaranteed or insured by the U.S. government
6. )______ becomes part of the down payment
7. two or more owners share equal ownership and rights to the property
10. Type of bankruptcy allows one to retain their assets
11. local laws established to control the uses of land within a particular area is called _______.
12. ______ borrower to obtain cash against the equity of a home
15. Borrowers primary contact
17. length A transaction between two related or affiliated parties
18. Social Security tax is governed by _____