Across
- 3. cost of borrowing money or the reward for saving it, usually expressed as an annual percentage rate (APR) of the principal balance
- 4. Federal Housing Administration
- 6. process of spreading out a loan or intangible asset's cost over a specific period through regular payments.
- 8. Mortgage Insurance Premium
- 9. loan structure allowing businesses or high-net-worth individuals to pay large insurance premiums in installments rather than upfront, preserving cash flow and liquidity.
Down
- 1. mandatory financial charge or levy imposed by a government on individuals or entities to fund public expenditures, such as infrastructure, education, and defense.
- 2. ability of a homebuyer to take over, or "assume," a seller’s existing mortgage, including the original interest rate, principal balance, and repayment terms.
- 5. original amount of money borrowed in a loan or invested, excluding interest, earnings, or fees.
- 6. a professional valuation of property, such as real estate, a business, or collectibles, performed by a credentialed appraiser.
- 7. Up front mortgage insurance premium