Across
- 4. The transfer of an interest in real property, given as security for the payment of a loan
- 6. The repayment of a debt from the proceeds of a new loan using the same property as security
- 8. The borrower in a mortgage transaction
- 10. A legal process of taking possession of a mortgaged property as a result of the borrower’s failure make payments
- 12. The legal document conveying title to a real property
- 13. Payment of a debt in regular, periodic installments of combined principal and interest
- 15. A legal claim or attachment against property as security for payment of an obligation
- 17. The portion of a property's value over and above the liens against it
Down
- 1. Principal, interest, taxes & insurance
- 2. Money paid to make up the difference between the purchase price and the mortgage amount
- 3. A mortgage that has rights that are subordinate to the rights of the first mortgage
- 5. Cost of credit on a yearly basis, expressed as a percentage
- 7. A mortgage in which the interest rate is adjusted periodically according to a pre-selected index
- 9. A form of revolving credit secured by a borrower’s home
- 11. Property pledged as security for a debt
- 14. The lender on a mortgage transaction
- 16. Document signed by a borrower that is an acknowledgment of a debt and an agreement to repay that debt