Renting vs. Buying

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Across
  1. 3. What is the "P" in PITI
  2. 5. Insurance that covers renter's belongings if they are damaged, lost, or in a disaster
  3. 7. Acronym for mortgage payments
  4. 8. The amount of cash a buyer puts towards a purchase
  5. 9. What is the "T" in PITI
  6. 11. Best for buyers staying in a home for a few years only
  7. 12. An agreement where a payment is made for a temporary use of a property owned by another person or company
  8. 13. Helps cover the property and belongings of homeowners
  9. 14. Owner of property that is being leased
Down
  1. 1. Location, design, features, square footage, rooms, bathrooms, special needs
  2. 2. Can build equity, investment, tax benefits, security end to payments
  3. 4. A loan to finance the purchase of real estate, usually with a specified payment period and interest rate
  4. 6. Best for buyers staying in home more than a few years
  5. 10. Low initial cost, less costly, limited responsibility, greater ease of mobility, and lower insurance
  6. 12. Party that uses property being leased or rented