Tuesday Tenant Terms

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Across
  1. 2. The four parts of a mortgage that also include principal, interest, and insurance
  2. 3. type of insurance that protects your apartment belongings
  3. 4. type of deposit paid with first month's rent before moving in
  4. 5. Official report made by a qualified person who values your property
  5. 9. amount of interest due since last payment
  6. 10. person who occupies property owned by a landlord
  7. 12. when a neutral third party holds funds until conditions are met
  8. 13. good faith deposit money if interested in home
  9. 14. person who signs lease with you, but does not live with you
  10. 15. person you rent an apartment from
  11. 17. increase in your property value due to economy
  12. 19. insurance policy in case of property loss
Down
  1. 1. loss of value in real estate - about 3.6% annually
  2. 6. type of mortgage insurance that is required when down payment is less than 20% of home purchase price
  3. 7. Certificate that verifies rental space has been inspected
  4. 8. After these payments buyer receives the deed
  5. 9. ARM is short for this type of rate mortgage where the rate starts low and increases periodically.
  6. 11. act of expelling a tenant from a property
  7. 16. replaces your old mortgage with a new one with a better interest rate
  8. 18. FRM is short for this type of mortgage when principal and interest stay the same