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Real Estate Vocabulary

Across
Bank qualification
Combining both interest and principal in payments
Amount of principal that has been paid off
The cost of borrowing money
The person who originates the loan
Report on comparable homes
Property examination
A risky loan where interest rates can change over time depending on market conditions
The initial price offered by a prospective buyer
It is important to check out the plumbing, foundation, appliances, and heating of a property after making an offer
Conditions that need to be met
An account the lender sets up for the buyer
Home value given by tax assessor
Where buyers and sellers sign the final documents
Down
A real estate agent who passes a state broker's exam
Insurance premium
Making the potential sale of a home public
Interest rate remains constant throughout the life of the loan
A real estate agent
Replacing an old loan with a new loan
2-5% of the purchase price, not including the down payment
Amount of money borrowed to purchase a home