Across
- 3. – Government-backed loan program with low down payment.
- 6. – The financial institution that provides the mortgage loan.
- 7. – Account that holds taxes and insurance payments.
- 8. – Mortgage benefit for eligible military members.
- 9. – The person applying for and receiving the loan.
- 10. – Lender’s initial green light based on financials.
- 11. – The number of years on a loan (e.g., 15 or 30).
- 13. – The start of the loan process, often with fees.
- 14. – The cost of borrowing money over time.
Down
- 1. – Fees paid upfront to lower interest rate.
- 2. – Interest stays the same for the life of the loan.
- 4. – Rate that can go up or down over time.
- 5. – Process lenders use to evaluate risk.
- 10. – Insurance for lenders when down payment is under 20%.
- 12. – Loan not backed by the government.