Across
- 5. the loan you take out to buy a home
- 10. the advantage of a ___ rate loan is that the interest rate will not rise after the payments begin
- 11. the amount of cash you put down on a large loan, like a car or a house (two words)
- 12. the form you have to fill out to borrow money to pay for college
- 13. an ___ loan does not require collateral
- 14. the good thing about paying off your credit card every month is that you won’t have to pay any ___
- 17. a typical mortgage requires a down payment of ___% (spell out the word for the number)
- 18. a lender requires this for a secured loan
- 20. you don’t have to pay the whole ___ on a credit card, just the minimum payment
- 25. a credit ___ lets you spend any amount of money each month (up to a certain limit) and take time to pay it off (with interest)
- 27. sometimes when people can’t afford something expensive like a TV or a sofa, they might rent to ___
- 28. an interest rate that changes over the course of a loan
- 29. with a ___ student loan, the Department of Education pays the interest on your loan while you are still in school
Down
- 1. your credit card has a credit ___, which is the most money you can charge
- 2. attending a ___ college can create a positive return on investment because you spend much less money on the first two years of college and then transfer to a four-year school
- 3. a short-term loan you get and promise to pay back when you get your next paycheck
- 4. when you ___ a car instead of buying a car, you pay a monthly payment for several years, but return the car at the end of the term
- 6. you can get a car loan from the car ___, but if you come in with a pre-approved loan from a bank, you can negotiate for a better deal
- 7. one program that can help you pay for college is ___ (two words), where you get a job on campus and use that money towards tuition
- 8. the annual percentage rate you pay on a loan
- 9. the word used for not paying a loan
- 15. you’re encouraged to consider your ___ on investment when it comes to how much you borrow to pay for college
- 16. the length of time you have to pay off a loan
- 19. when you buy a condo, you don’t have to pay just your mortgage payment every month; you also have to pay a condo ___
- 21. your ___ credit is the amount of money you can still charge on your credit card (this is your credit limit minus whatever you have already charged)
- 22. the higher your credit ___, the better interest rate you will be able to get on a loan
- 23. the amount of money you borrow and promise to pay back (not including interest)
- 24. scholarships and ___ are free money for college, but you have to pay back student loans
- 26. if you only pay the ___ payment on your credit card each month, you will end up paying a LOT of interest