Across
- 2. difference between what you owe and value of the good
- 3. a plan of action that allows a person to meet not only their immediate needs, but also their long-term goals
- 4. central bank of US that sets interest rates
- 9. both parties want what the other has
- 11. professional estimate of the current value of your house & property
- 12. trading of one good for another
- 16. “2nd Mortgage” or loan you arrange through your mortgage bank with your equity acting as collateral
- 17. percent a bank charges you for a loan
- 18. agreed upon “common ground” for exchange
- 19. rent or mortgage
Down
- 1. debt
- 3. rate set throughout entire loan
- 5. positive market value
- 6. money you make after taxes and etc. are taken out.
- 7. the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
- 8. a plan for how to spend your money
- 10. written credit history of most consumers
- 13. total money earned
- 14. redrawing the conditions of an existing loan
- 15. extra amount paid for legal processing