Money Matters

1234567891011121314151617181920212223
Across
  1. 3. a calculation plan, usually but not always financial, for a defined period, often one year or a month.
  2. 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.
  3. 7. a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest.
  4. 8. emotional intellectual stages from child to adult
  5. 9. not conforming to a high moral standard
  6. 11. credit, revolving credit, and open credit.
  7. 13. a number assigned to a person that indicates to lenders their capacity to repay a loan.
  8. 14. the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
  9. 15. a person or institution that has invested money in a corporation in exchange for a “share” of the ownership.
  10. 16. Manufacturer Suggested Retail Price and it's the figure that the manufacturer recommends
  11. 18. a savings tool that often pays higher interest rates when compared to a typical savings deposit account.
  12. 19. honestly, fairness and equity
  13. 21. is a type of loan in which the borrowers use the equity of their home as collateral
  14. 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.
  15. 23. allows a borrower to replace their current debt obligation with one that has more favorable terms.
Down
  1. 1. contract to protect against financial lost in the event of accident or theft
  2. 2. final step in home buying transaction
  3. 4. business entities that provide services as intermediaries for different types of financial monetary transactions.
  4. 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.
  5. 10. Individual Retirement Account to which you contribute after-tax dollars
  6. 12. lender's will to trust you to pay debt
  7. 17. the central bank of the United States and provides the nation with a safe, flexible, and stable financial system.
  8. 20. a retirement savings account