HELOC Terminology

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Across
  1. 2. legal document regarding the ownership of property or legal rights
  2. 4. property pledge by a borrower to protect the interests of the lender
  3. 6. an addition or addendum to a standard loan document
  4. 7. condition or requirement specified or demanded as part of an agreement
  5. 8. right to keep possession of property belonging to another person until a debt owned by that person is discharged
  6. 9. agreement between a property owner and a lender giving the lender the right to take the property if the loan and interest is not repaid
  7. 10. a legal document representing a loan made from an issuer to a creditor or investor
Down
  1. 1. compares how much is owed each month to how much is earned
  2. 3. unbiased estimate of a property's fair market value by a licensed professional
  3. 5. measure comparing the amount of a mortgage with the appraised value of the property