Loan Terminology

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Across
  1. 2. A type of loan used to buy a home or property
  2. 3. Using a better loan to pay off an old loan
  3. 4. The chance that the person who borrows money won't pay it back
  4. 7. A card directly linked to your bank account
  5. 10. How long you have to pay back a loan
  6. 11. Extra money paid to the bank for borrowing their money
  7. 12. Something given to a lender if they cant pay your loan
  8. 14. The rate your loan can go up and down
  9. 17. A person who takes money from a lender and will pay it back
Down
  1. 1. A card that lets you borrow money from the bank to purchase something
  2. 5. Something other than money given to the bank that they can take if not played
  3. 6. The rate on your loan stays the same
  4. 8. Original amount of money borrowed
  5. 9. The set amount of time to pay a loan back
  6. 13. A person or bank that gives you money and expects you to pay it back
  7. 15. The max amount of money you can borrow
  8. 16. Money borrowed that needs to be payed back later