Across
- 4. the state of being responsible for something
- 5. requires you to provide proof of your financial history and stability
- 7. an estimate of how much home you can afford
- 10. a useful or valuable thing, person, or quality
- 12. mortgage insurance
- 13. a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid
- 14. legal proceeding involving a person or business that is unable to repay their outstanding debts
- 15. legal proceeding involving a person or business that is unable to repay their outstanding debts
Down
- 1. principal, interest, taxes, insurance
- 2. often the cheapest money you will ever be able to borrow
- 3. rate, an unchanging rate
- 6. trading in your old mortgage for a new one
- 8. loan to value
- 9. debt to income
- 10. adjustable rate mortgage
- 11. mortgage, a homeowner relinquishes equity in their home in exchange for regular payments