Across
- 2. The four parts of a mortgage that also include principal, interest, and insurance
- 3. type of insurance that protects your apartment belongings
- 4. type of deposit paid with first month's rent before moving in
- 5. Official report made by a qualified person who values your property
- 9. amount of interest due since last payment
- 10. person who occupies property owned by a landlord
- 12. when a neutral third party holds funds until conditions are met
- 13. good faith deposit money if interested in home
- 14. person who signs lease with you, but does not live with you
- 15. person you rent an apartment from
- 17. increase in your property value due to economy
- 19. insurance policy in case of property loss
Down
- 1. loss of value in real estate - about 3.6% annually
- 6. type of mortgage insurance that is required when down payment is less than 20% of home purchase price
- 7. Certificate that verifies rental space has been inspected
- 8. After these payments buyer receives the deed
- 9. ARM is short for this type of rate mortgage where the rate starts low and increases periodically.
- 11. act of expelling a tenant from a property
- 16. replaces your old mortgage with a new one with a better interest rate
- 18. FRM is short for this type of mortgage when principal and interest stay the same