Across
- 3. a calculation plan, usually but not always financial, for a defined period, often one year or a month.
- 6. an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property if you fail to repay the money you've borrowed.
- 7. a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest.
- 8. emotional intellectual stages from child to adult
- 9. not conforming to a high moral standard
- 11. credit, revolving credit, and open credit.
- 13. a number assigned to a person that indicates to lenders their capacity to repay a loan.
- 14. the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
- 15. a person or institution that has invested money in a corporation in exchange for a “share” of the ownership.
- 16. Manufacturer Suggested Retail Price and it's the figure that the manufacturer recommends
- 18. a savings tool that often pays higher interest rates when compared to a typical savings deposit account.
- 19. honestly, fairness and equity
- 21. is a type of loan in which the borrowers use the equity of their home as collateral
- 22. Step 1: Identify the decision. Step 2: Gather relevant information. Step 3: Identify the alternatives. Step 4: Weigh the evidence. Step 5: Choose among alternatives. Step 6: Take action. Step 7: Review your decision & its consequences.
- 23. allows a borrower to replace their current debt obligation with one that has more favorable terms.
Down
- 1. contract to protect against financial lost in the event of accident or theft
- 2. final step in home buying transaction
- 4. business entities that provide services as intermediaries for different types of financial monetary transactions.
- 5. Step 1: Check Your Credit Score. Step 2: Determine How Much You Can Afford. Step 3: Choose A Lender and Get Preapproved For A Mortgage. Step 4: Find A Real Estate Agent. Step 5: Make An Offer. Step 6: Get A Home Inspection And Home Appraisal. Step 7: Close On Your New Home.
- 10. Individual Retirement Account to which you contribute after-tax dollars
- 12. lender's will to trust you to pay debt
- 17. the central bank of the United States and provides the nation with a safe, flexible, and stable financial system.
- 20. a retirement savings account