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Chapter 6

Real Estate Training Institute: Leslie Clauson
Horizontales
The value of a homeowners interest.
Consumer Financial Protection Bureau
A rate of interest in excess in order to take advantage of a situation.
The borrower.
A mortgage that is worth less than the loan amount.
A type loan given to a person with less than perfect credit.
How a mortgagor regains his or her interest in a property.
Type of loan guaranteed.
Fixed payment where the interest payment decreases and the principle increases over time.
Type of loan insured.
Mortgage market where banks buy and sell from each other.
Verticales
Nonconforming loan
Type of loan such as a car loan or mortgage.
Purchases government guaranteed and insured loans.
A mortgage for older person's who would like to have tax free income.
Annual percentage rate
Periodic payments of interest only
The bank holding a mortgage.
Final and largest payment set by a predetermined date.