Across
- 5. tax on real estate paid by the owner
- 7. an initial payment made when something is bought on credit
- 11. a home loan option that offers a single interest rate for the entire term, or length, of a loan
- 15. all your monthly debt payments divided by your gross monthly income
- 16. a tax on the market value of privately owned property
Down
- 1. take possession of a mortgaged property as a result of the mortgagor's failure to keep up their mortgage payments.
- 2. compares what portion of your income is needed to cover all of your monthly debt
- 3. a home loan with a variable interest rate
- 4. a type of property insurance that covers losses and damages to your home
- 6. shows what percentage of your income would go toward housing expenses
- 8. a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property
- 9. a type of mortgage where you pay just the loan's interest
- 10. the amount for which something can be sold on a given market.
- 12. a mortgage in which a large portion of the borrowed principal is repaid in a single payment at the end of the loan period.
- 13. a valuation set by the local government for the purpose of determining property taxes
- 14. a bond, deed, or other document kept in the custody of a third party and taking effect only when a specified condition has been fulfilled.