RE-121 Chapter Ten Crossword Puzzle PDF

RE-121 Chapter Ten Crossword Puzzle Applying for a Residential Loan 1 3 6 2 4 7 5 8 9 10 11 12 ACROSS DOWN 1 Index + ______ = Rate. 4 Abbreviation for TILA-RESPA Integrated Disclosure rule. 6 Refers to borrowers or loans, usually offered at rates well above the prime rate, that have poor credit rati...

RE-121 Chapter Ten Crossword Puzzle Applying for a Residential Loan 1 3 6 2 4 7 5 8 9 10 11 12 ACROSS DOWN 1 Index + ______ = Rate. 4 Abbreviation for TILA-RESPA Integrated Disclosure rule. 6 Refers to borrowers or loans, usually offered at rates well above the prime rate, that have poor credit ratings. 8 Assets = Liabilities + Owner's ______. 9 A payment ___ is a consumer safeguard that limits the amount that your monthly payment on an adjustable rate mortgage can change. 11 Abbreviation for Loan-to-Value. 12 A company or individual that originates loans, using their own or borrowed funds. 2 A published rate used as a reliable indicator of the current cost of money. 3 Abbreviation for Principle, Interest, Taxes, and Insurance. 4 Known as a loan's repayment period (i.e. 15 years). 5 ________ points. A fee that a lender charges to increase the upfront yield on the loan. 6 A credit _____ is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. 7 One percent of the principal amount of the loan. 10 Abbreviation for Annual Percentage Rate. WORD BANK: Apr, banker, cap, discount, equity, index, ltv, margin, piti, point, score, subprime, term, trid.