Across
- 3. A neutral third party, sometimes referred to as the trust administrator
- 7. The loan _______ fees are the expenses a lender incurs in processing a mortgage loan
- 9. What term represents one percent of the loan amount?
- 10. What is the market value of a property minus the debt against it?
- 11. A title that lacks the rights and privileges usually associated with ownership
- 13. What type of account would a lender place monthly taxes and insurance payments into?
- 14. In which type of loan is the final payment larger than the preceding payments?
- 15. The Department of _______ Affairs allows these individuals to get a loan out to buy a house with 100% loan and no money down
- 16. Which type of loan payment structure would involve combining principal, interest, taxes, and insurance?
- 17. One advantage of a deed of trust is that once the foreclosure sale takes place, there is usually no statutory ________
Down
- 1. Which type of loan is not insured by the FHA or guaranteed by the VA?
- 2. What is the value owed on a loan?
- 4. A _______ is a document used to return title from the trustee back to the property owner once the debt has been paid
- 5. Which type of loan requires periodic payments that include both interest and partial repayment of principal?
- 6. What represents the end of the life of a loan?
- 8. What acronym represents a one time charge by the FHA?
- 12. Who borrows funds from a lender to acquire real property and creates the trust?
- 14. Who holds the deed of trust until funds are repaid by the borrower?
- 18. What acronym insures lenders against foreclosure loss?