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Buying & Renting Home Quiz

Across
Something pledged as security for repayment of a loan, to be forfeited in the event of a default
Prepaid interest, each point = 1% of the loan amount
Application fees, and other fees charges by the lender
Interest rate that stays consistent the entire time your loan is being paid off
Require payments once a month, semi-monthly, or bi-weekly, over a period of either 15,20, or 30 years
An amount borrowed from a bank, credit union, or other lending institution to purchase home, such as vacation property
Down
An initial payment made when something is bought on credit
Interest rates that fluctuate on a regular basis and are based on an index rate
The finance charge to borrow the money
The loan amount or amount borrowed from a bank or other money lender
The percentage of the home or property the homeowner actually owns
An interest rate that is tied to a specific benchmark with rate changes based on the movement of the benchmark
Sum of money that is borrowed from that is expected to be paid back with interest