Across
- 4. taxes on the value of real estate such as homes, business property, or farm land.
- 6. The money paid to an insurance company for property insurance.
- 8. Policy that covers your home and protects you against other risks
- 9. cash pay or percentage of the total cost of the house paid at the time of purchase
- 11. Renters usually pay a one time _______ ________ in addition to their first month's rent when they sign a lease.
- 12. This mortgage loan allows for the rate of interest to increase or decrease
- 13. When you _________ a mortgage, you take out a new mortgage and use the money to pay off the old mortgage.
Down
- 1. fees and expenses paid to complete the transfer of ownership of a home
- 2. balance of a purchase price of a house after the down payment is borrowed through this loan
- 3. The _______ value put on a property as a base for figuring the amount of tax.
- 5. This mortgage offers the same rate of interest for the life of the loan
- 6. money borrowed
- 7. The loss in value of property caused by aging and use.
- 10. Amount for which your home is insurance is called the ________.