Across
- 2. note document signed by person applying for a loan that states they will repay the amount borrowed
- 3. an advance of money to a customer
- 4. lender reviews borrower's credit history
- 5. those that extend credit
- 6. loan bank and borrower agree the bank can take ownership of the collateral if the loan is not paid as planned
- 9. value of money saved worth more in the future
- 10. repossession of a house due to borrower defaulting on a mortgage
- 12. starting amount
Down
- 1. not showing a proper sense of responsibility
- 3. an asset which used to guarantee the loan will be repaid
- 7. borrower is not following terms of loan payment
- 8. a loan is past due
- 11. a borrower's ability to pay back a loan given income and debt
- 13. paid as a borrower you pay interest to the lender