CUSO/BLS Lingo

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Across
  1. 3. What type of loan allows for interest only to build a home and then converts to permanent financing
  2. 6. What is the document signed at closing that outlines the terms of the loan
  3. 7. what is the term for the amount your property is worth minus the amount of existing mortgages
  4. 10. What is the general name of companies that take payments, pay taxes and insurance and send statements to borrowers
  5. 12. What type of account do funds get put into to pay taxes and insurance
  6. 13. What type of short term loan has low initial payments and a large final payment
  7. 15. what is the document that shows the value of a property
Down
  1. 1. What month did CUSO open for business
  2. 2. Two of the original directors had the same first name what is it
  3. 3. What loans are agreements between a business and lender
  4. 4. For larger commercial loan transactions how often is the borrower's financial status reviewed
  5. 5. Who was the first manager of BLS
  6. 8. what is the term when a borrower is delinquent and loses their home
  7. 9. What is the term for the amount of loan you have to pay back
  8. 11. How many credit unions in our State have Maine in them
  9. 14. What town did CUSO first have an office in
  10. 16. what is the broader term for measuring the cost of borrowing money