Across
- 5. A document from a lender stating that the lender is tentatively willing to lend to you
- 8. A neutral third party holding assets or funds before they are transferred from one party in a transaction to another.
- 10. Allocated to each taxpayer proportionately according to the value of the taxpayer's property.
- 12. An insurance policy that protects a lender or titleholder if the borrower defaults on payments or is unable to meet the obligations of the mortgage
- 14. Designed to help individuals with low to moderate incomes or individuals that require a low or no down payment
- 16. Loan programs to help servicemembers, veterans, and their families buy homes
- 17. The difference between how much your home is worth and how much you owe on your mortgage
- 18. All your monthly debt payments divided by your gross monthly income
- 19. A home mortgage that is insured by the government and issued by a bank or other lender that is approved by the agency
- 20. A home loan with a variable interest rate
Down
- 1. Getting an estimate of what you might be able to borrow
- 2. It offers mortgages to low-income residents of rural areas who cannot otherwise obtain a conventional mortgage
- 3. A home loan option that offers a single interest rate for the entire term, or length, of a loan
- 4. Large companies that guarantee most of the mortgages made in the U.S.
- 6. Loan principal, loan interest, taxes, and insurance
- 7. A record of your loan payments that shows the principal amounts and the interest included in each payment
- 9. Any mortgage loan that is not insured or guaranteed by the government
- 11. A mortgage used to finance properties that are too expensive for a conventional conforming loan
- 13. The money a buyer pays upfront to complete the real estate transaction
- 15. The expenses over and above the property's price that buyers and sellers incur to complete a real estate transaction