Across
- 3. A bank account linked to a mortgage to reduce interest
- 4. A loan interest rate that stays the same over time
- 5. Initial approval from a lender for a loan amount
- 7. A loan used to purchase a home
- 10. The bank or institution providing the loan
- 13. An upfront payment made when buying a house
- 14. A person who agrees to repay a loan if the borrower cannot
- 15. The value of ownership in a property
- 17. A government tax paid when purchasing property
- 18. The duration over which a loan is repaid
Down
- 1. The legal process of transferring property ownership
- 2. Replacing an existing loan with a new one, often to get better terms
- 6. The percentage charged on a loan
- 8. A loan interest rate that can change over time
- 9. The amount of money a person can borrow based on income and expenses
- 11. The act of paying back money borrowed
- 12. The original amount borrowed in a loan
- 16. An estimate of a property's market value