SCC Crossword Puzzle

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Across
  1. 3. Interest Rate Reduction Refinance Loan
  2. 6. The life of the loan
  3. 7. 3.5% down payment with Private Mortgage Insurance and a fall off date
  4. 9. Loan used for short term housing borrowers
  5. 13. FHA & VA refinance that does not require income documentation or appraisal
Down
  1. 1. The out of pocket costs to purchase a home
  2. 2. Credit history, credit score employment history are some requirements needed for this document
  3. 4. Taking equity from home for home renovations, tuition costs, etc.
  4. 5. The percentage of the borrower's principal in exchange for borrowing money from a lender.
  5. 8. 3.5% down payment option with Private Mortgage Insurance
  6. 10. Refinance loan for rural areas
  7. 11. Additional payments added to the monthly payment due to low down payment during purchase
  8. 12. Properties that have not been successfully sold at a foreclosure auction