Across
- 2. A guideline that a person can afford to buy a house that is valued at up to three times their household income (before taxes).
- 6. The value of ownership built up in a home or property that represents the current market value of the house minus any remaining mortgage payments
- 8. A portion of the total cost of an item, such as a car or house, that must be paid at the time of purchase. The buyer will often take out a loan to finance the remaining balance.
- 9. A type of real estate agent who works for the buyer. They help buyers find and purchase properties that meet their specific needs and budget.
- 10. Fees you pay your lender at the time you buy a house. These costs can include fees for appraisal, title insurance, and inspections.
Down
- 1. A guideline that a person should spend at most 28% of their gross income on their housing costs and 36% of their gross income on total debt payments.
- 3. A person whose job it is to help buy or sell houses, for people.
- 4. A type of real estate agent who works for the seller. They help the seller prepare the property for sale, market it to potential buyers, and negotiate the sale price and terms on the seller's behalf.
- 5. Homeowners association fees. These cover the cost of maintaining common community areas.
- 7. Taxes paid by homeowners to the local government for things like public schools, roads, and fire departments.