7 Questions
A published rate used as a reliable indicator of the current cost of money. ____
index
Abbreviation for TILA-RESPA Integrated Disclosure rule. _____
trid
Assets = Liabilities + Owner's ____.
equity
A payment ____ is a consumer safeguard that limits the amount that your monthly payment on an adjustable rate mortgage can change.
cap
Known as a loan's repayment period (i.e. 15 years). _____
term
One percent of the principal amount of the loan. ____
point
Abbreviation for Annual Percentage Rate. _____
apr
Test your knowledge of residential loan applications with this crossword puzzle from Chapter Ten of RE-121. Fill in the puzzle using terms related to applying for a residential loan.
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