Loan Knowledge

12345678910
Across
  1. 3. The original amount borrowed in a loan aside from interest.
  2. 5. A type of loan secured by a person's own funds. Great for rebuilding credit.
  3. 6. Type of loan that is used to purchase a truck or car.
  4. 8. A revolving line of credit that utilizes a homeowner's property equity as collateral.
  5. 9. A percentage metric comparing an individual's monthly debt payments to their gross monthly income.
  6. 10. An asset (like a house or car) that a borrower pledges to secure a loan, which is not required for a standard personal loan.
Down
  1. 1. A type of loan that does not require any collateral and relies solely on the borrower's creditworthiness.
  2. 2. A type of loan where the interest rate stays exactly the same for the entire life of the loan.
  3. 4. The process of spreading out loan payments over time into a fixed schedule.
  4. 7. A long-term loan used to finance real estate.
  5. 8. The restriction placed on the borrower's deposit account, locking the funds so they cannot be withdrawn until the loan is paid down.