Mortgage Terminology

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Across
  1. 4. lenders will check this report to assess your character
  2. 6. required for loans above 80% lending
  3. 9. government tax payable when a property is purchased
  4. 11. when a property has a clear title with no mortgage
  5. 13. the most common interest rate choice
  6. 14. to move a loan from one lender to another
  7. 15. written agreement outlining the terms of a purchase
  8. 16. value of an asset minus the debt owing
  9. 18. additional loan repayments that can be drawn on
  10. 20. the percentage value of debt against asset
  11. 21. an independent assessment of a property
  12. 22. increase in property value over time
Down
  1. 1. asset offered by the borrower to the lender
  2. 2. a third party who provides additional security
  3. 3. any outstanding financial debt
  4. 5. the process of building a house
  5. 7. approval from a bank that is not yet confirmed
  6. 8. lowest loan repayments without paying the principle
  7. 10. to lock in your repayments for a set time
  8. 12. loss tax benefit for investment property
  9. 17. will be lodged if you don't pay a bill for 90+ days
  10. 19. completion of the sale or purchase of a property