House Buying Terms

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Across
  1. 4. A description of a property for sale, that often includes details about the home and photos.
  2. 5. _____ payment is the amount of cash you can put toward the purchase price of a home
  3. 7. A loan for the purpose of buying a home
  4. 9. A popular website where you can see properties listed for sale and compare home values.
  5. 10. An informed estimate of a home’s value
  6. 12. A formal request to buy a home
Down
  1. 1. An abbreviation for Personal Mortgage Insurance, a monthly payment that protects the lender if you are unable to repay the loan. This insurance is paid until you have paid off 20% of the home’s value.
  2. 2. The last step of homebuying process when you sign all the necessary documents to finalize the sale
  3. 3. The financial institution (often a bank) responsible for providing the loan.
  4. 6. A document that legally transfers ownership of real estate
  5. 7. The number of dollars paid in property tax for every $1000 of a home's value
  6. 8. A person who serves as a guide to homes that are for sale and assists with purchase of the property.
  7. 11. ________ tax is paid each year to the town/city where the home is located. It is based on the home's value.