Mortgage Terms

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Across
  1. 3. a type of protection that compensates you
  2. 4. the physical document you receive that proves you own your home
  3. 10. the process of how payments spread out over time
  4. 12. loan with an interest rate that varies
  5. 13. lender holds money for property taxes or homeowners insurance
  6. 14. the number of years you’ll pay on your loan
  7. 15. is the amount that you take out in a loan
Down
  1. 1. a rough estimate of how much your home is worth
  2. 2. mortgage has the same interest rate throughout the term
  3. 5. to your total fixed, recurring monthly debts divided by your total monthly gross household income
  4. 6. a document that tells you how much you can afford
  5. 7. a local property professional who can help you shop for a home
  6. 8. an optional closing cost you can pay to “buy” a lower interest rate
  7. 9. anything that you own that has a cash value
  8. 11. proof that you own a home
  9. 12. annual percentage rate