Housing Unit

2. a professional estimate of a property's value, usually its market value
4. the agreed-upon amount a buyer pays the seller for a property, excluding any additional costs like closing fees or commissions
6. taxes paid to your local government for things like public schools, roads, and fire departments
7. the total amount of money borrowed before any payments are made
10. protects you against covered loss or damage to your house
13. a percentage that tells lenders how much money you spend on paying off debts versus how much money you have coming into your household
14. upfront portion of the purchase price that a buyer pays, typically a percentage of the home's value
15. the decrease in a property's value over time

1. an estimated value of a home based on what buyers are willing to pay and current market conditions
3. the increase in a property's value over time
5. fees you pay to the lender
8. a loan obtained for the purchase of a home
9. the difference between the amount owed and what the home could be sold for
11. the amount of money you still owe on your mortgage
12. the buying and selling of homes, apartments, and other residential properties