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Real Estate Vocabulary

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