Across
- 2. property which is used as security for a debt
- 5. an increase in prices
- 7. a homebuyer's agreement to take on the primary responsibility for paying an existing mortgage from a home
- 9. a legal action that ends all ownership rights in a home when the homebuyer fails to make the mortgage payments or is otherwise in default under the terms of the mortgage
- 10. the legal document transferring ownership or title to a property
- 11. the right to, and to the ownership of, property. a title or deed is sometimes used as proof of ownership of land
- 13. the cost you pay to borrow money
- 14. everything of value an individual owns
Down
- 1. something given up or agreed to in negotiating the sale of the house
- 3. legally declared unable to pay your debts
- 4. a loan using your own home as collateral
- 6. an offer made in response to a previous offer.
- 8. a formal bid from the homebuyer to the home sellers to purchase a home
- 10. money owned from one person to another or institution to another person or institutions
- 12. a percentage added to the index for an ARM to establish the interest rate on each adjustment rate