Velocity Crossword

3. The process of creating a new mortgage loan
4. The final step in a real estate transaction where ownership is transferred
10. A preliminary evaluation by a lender that determines if a borrower qualifies for a mortgage
12. The cost of borrowing money, typically expressed as a percentage
14. An estimate of a property's value
16. costs Fees paid at the closing of a real estate transaction
17. A legal claim on a property due to unpaid debts
18. A loan for the purchase of real property
19. A mortgage with an interest rate that remains constant throughout the loan term

1. The amount of years Velocity has been in business
2. The amount of money borrowed in a loan, not including interest
5. Loans offered to borrowers with lower credit ratings
6. The process of evaluating the risk of insuring a loan
7. The process of creating a new loan, including application and approval
8. The initial payment made when purchasing a property
9. Replacing an existing loan with a new one, usually to get better terms
11. A loan that can be transferred from the current owner to a new buyer
13. The difference between a property's market value and the loan balance
15. Selling a property for less than the amount owed on the mortgage
19. The process by which a lender takes control of a property due to unpaid loans