Across
- 1. An amount equal to the replacement value of damaged property minus depreciation
- 4. time between interest rate adjustments for an ARM
- 5. professional who conducts analysis of home value
- 6. increase in the market value of a property
- 8. amount of money charged by lender to cover mortgage process costs
- 9. usually offers a lower initial rate than a fixed-loan rate
- 13. current value of your home based on what the purchaser would pay
- 14. legal document transferring ownership of property
Down
- 2. how much a loan costs annually
- 3. computer generated value that predicts the amount of debt you'll have to repay
- 5. professional analysis used to estimate the value of a property
- 7. decline in value of housing
- 10. includes the payment of interest and a part of the amount borrowed in each payment
- 11. value of individuals belongings
- 12. legal action that ends all ownership of a property