Housing Unit

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Across
  1. 2. a professional estimate of a property's value, usually its market value
  2. 4. the agreed-upon amount a buyer pays the seller for a property, excluding any additional costs like closing fees or commissions
  3. 6. taxes paid to your local government for things like public schools, roads, and fire departments
  4. 7. the total amount of money borrowed before any payments are made
  5. 10. protects you against covered loss or damage to your house
  6. 13. a percentage that tells lenders how much money you spend on paying off debts versus how much money you have coming into your household
  7. 14. upfront portion of the purchase price that a buyer pays, typically a percentage of the home's value
  8. 15. the decrease in a property's value over time
Down
  1. 1. an estimated value of a home based on what buyers are willing to pay and current market conditions
  2. 3. the increase in a property's value over time
  3. 5. fees you pay to the lender
  4. 8. a loan obtained for the purchase of a home
  5. 9. the difference between the amount owed and what the home could be sold for
  6. 11. the amount of money you still owe on your mortgage
  7. 12. the buying and selling of homes, apartments, and other residential properties