Formal estimate of the current value of property

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Reference no: EM131985929

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1. Across: Formal estimate of the current value of property.

2. Across: Schedule of loan payments showing amounts paid to interest and to loan payoff.

3. Across: Mortgage contracts created with interest rates that can vary over time as conditions and other related interest rates in the market change.

4. Across: A long-term loan used in the purchase of, and collateralized by real property.

5. Across: Account set up for the deposit of money, usually with a financial institution, used for the payment of property taxes and homeowner's insurance.

1. Down: Prepaid interest used to lower the interest rate on a mortgage.

2. Down: Money paid to indicate good faith on an offer to buy a home.

3. Down: Costs paid at the time of the completion of a home purchase transaction.

4. Down: Insurance required at the time of closing to protect buyers of real estate.

5. Down: A mortgage created in a way that allows a homeowner to remain in the home while obtaining income payments from the equity in the home.

Reference no: EM131985929

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