Mortgage

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Across
  1. 1. _____ income ratio is one of the factors considered to determine mortgage
  2. 3. Fannie ____
  3. 8. 620 is the minimum for a conventional loan
  4. 10. A person who has had no ownership for a three-year period preceding the date of the purchase
  5. 11. Your loan amount compared to the value of your home
  6. 12. Account setup at closing to pay property taxes and insurance when they are due
Down
  1. 2. Minimum down payment for a first-time homebuyer on a conventional loan
  2. 4. Property pledged as security for a debt, such as the real estate pledged as security for a mortgage
  3. 5. ____ mac
  4. 6. Insurance required on a conventional loan if loan to value is over 80%
  5. 7. principal, interest, taxes, insurance
  6. 8. Freddie mac's first-time homebuyer education course
  7. 9. Fannie Mae's first-time hombuyer education course