Across
- 6. Portion of purchase price paid in advance
- 7. Opinion as to the value of a property
- 8. Instrument that discharges a lien
- 10. Written history of a property
- 14. Deposit of funds set aside until closing
- 15. Costs associated with transfer of property
- 16. Limit on how much interest rates can rise
- 18. Deed is held by a third party (trustee)
- 19. Percentage based on annual loan cost
Down
- 1. List of payments due on a loan
- 2. Determines if an applicant is eligible
- 3. The amount of a debt
- 4. Percentage paid for use of a bank's money
- 5. Also known as PMI
- 9. Risk analysis of a borrowers application
- 11. Remaining balance due after a set time
- 12. Establishes ownership of a property
- 13. Lien against a property for unpaid taxes
- 17. Document that serves a security for payment
- 20. Pay off one loan with the proceeds of another