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Unit 13

Across
Requirement that the borrower repay the loan when transferring ownership to another
A clause in a mortgage that makes the entire debt due immediately in the case of borrower default.
A promise by a borrower to repay the loan.
Lender
Down
Term that requires disclosure of other terms related to the loan; all terms must be disclosed
Amount charged by the lender for interest lost when a borrower sells or pays off a loan early.
The borrower
A legally binding instrument that creates a lien on a piece of property