Unit 2 Section 3 Review

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Across
  1. 2. decrease in value over time
  2. 3. fees paid to lender (percentage of loan)
  3. 6. no name brand
  4. 8. insures entire amount of mortgages and allows borrowers to obtain larger loan than with uninsured (3 words)
  5. 12. Interest rate fixed for life of mortgage with payments that increase over years
  6. 16. store open 16 to 24 hours with limited selection of higher-priced items
  7. 17. mortgage where payments float up or down along with general interest (2 words)
  8. 19. Interest rate & monthly payments remain same over term - usually 15 to 30 years. (3 words)
  9. 21. pays for bodily injury & property damage
  10. 22. limit amount landlord can charge in rent (2 words)
  11. 23. sales on these happen at the end of season
Down
  1. 1. money renter lets owner hold in case rent is not paid or apartment damaged (2 words)
  2. 4. obtained only by qualified servicemen or spouses with generally lower interest rates and no down paymen (2 words)
  3. 5. buy items just because on sale
  4. 7. labels carried by some supermarkets
  5. 9. well-known nationally or regionally
  6. 10. fees for arranging mortgage or transferring ownership (2 words)
  7. 11. licensing fee, usually annual, paid to use car
  8. 13. carries limited number of brands in large quantities (3 words)
  9. 14. amount of use person gets from item over time (2 words)
  10. 15. warranty that guards against paying for major repairs
  11. 18. agreement describing terms for rental
  12. 20. ability of item to last long time