Across
- 3. A car loan
- 8. an asset that loses value over time, such as a car that’s worth less every year
- 11. Money borrowed from the federal government or private lenders to pay the cost of going to college.
- 13. The increase in value of a home over time; the difference between the amount owed and what the home could be sold for
- 15. Allows you to borrow money up to a given limit
Down
- 1. an asset that increases in value over time
- 2. Asset, like property, cash or investments
- 4. A_________ is a loan that typically lasts for 15–30 years and is used to buy a house.
- 5. A lender who uses deceptive, unfair, or fraudulent practices on borrowers who are desperate for cash
- 6. The right of ownership to property
- 7. ____ may seem inevitable— but it’s not.
- 9. A revolving, variable-rate loan secured by your home's equity, allowing you to borrow, repay, and re-borrow up to a set limit
- 10. A Ramsey Solutions study showed that 80% of Americans have a _____.
- 12. Failure to pay a loan on time
- 14. A loan for a fixed amount of money that‘s paid back in monthly installments