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