Across
- 5. What is a credit line based on home equity called?
- 6. What increases every time you use a credit card?
- 8. Asset An asset that loses value over time
- 10. Something owned (that has value) offered as security on a debt; if not repaid, it is taken by the lender
- 12. Credit A loan paid back in fixed monthly payments over time
- 13. What type of loan has fixed payments and a fixed amount?
- 14. The difference between what is owed on a home and what it can be sold for
Down
- 1. Asset An asset that increases in value over time
- 2. Credit Credit that automatically renews whenever a payment is made to reduce the debt
- 3. What is a financial lien against a property
- 4. What type of loan requires collateral?
- 6. Failure to repay a loan on time
- 7. Lending Unfair or deceptive lending practices that take advantage of borrowers
- 9. What type of loan does NOT require collateral?
- 11. A legal claim against an asset until the loan is repaid