Loans video assignment

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Across
  1. 2. if you cant pay off your loan, this person has to pay it off for you
  2. 5. the longer term you have it for, the higher your interest will be
  3. 7. has collateral, lower risk and lower interest
  4. 8. different for what you need
  5. 10. the percentage you have to pay back
  6. 12. the interest rate will change
Down
  1. 1. no collateral, higher risk, higher interest
  2. 3. something valuable the lender can take if loan isn't payed back
  3. 4. the interest rate will not change
  4. 6. the higher it is, the lower interest rate you'll have
  5. 9. how much you're borrowing
  6. 11. how long until the loan needs to be payed back