My Crossword Maker Logo
Powered by BrightSprout
Save Status:
or to save your progress. The page will not refresh.
Controls:
SPACEBAR SWITCHES TYPING DIRECTION
Answer Key:
Edit a Copy:
Make Your Own:
Crucigrama Sopa de Letras Hoja de Trabajo
Calificar este Puzzle:
Log in or sign up to rate this puzzle.

Real Estate Financing Sources

Created by Marty Baum
Horizontales
A government owned agency and a division of HUD that administers special assistance programs for real estate loans. They are in the secondary mortgage market and referred to as ________ Mae
These are insured loans made by approved lending institutions. They are a part of the Department of Housing and Urban Development (HUD). These loans are referred to as the Federal ________ Administration.
The purpose of the _______ Reserve System is to help stabilize the economy by regulating the flow of money and interest rates
This loan allows the seller to maintain their existing mortgage while the buyer's mortgage wraps around the existing amount owed. As a type of secondary financing the buyer will make monthly payments directly to the seller while the seller continues to pay-off the original loan. This is referred to as a ___________ Loan
This type of loan is not guaranteed or insured by any government agency such as FHA or VA. These loans are considered the most secure because the loan-to-value ratio is the lowest. This type of loan is referred to as a __________ Loan
Represents the smallest unit of measurement for interest rates and other financial instruments. These are referred to as _________ Points
This is the rate charged to the banks best customers which is influenced by the Fed's Discount Rate
When making your PITI payment to your lender, the lender processes the loan payments, pays the real estate taxes and insurance, and provides the IRS with tax information. This is referred to as ________ the Loan
A government owned agency that primarily buys conventional loans from the primary market. They are referred to as ________ Mac
The rate charged by the Federal Reserve when it lends money to its member banks. This is called the ________ Rate
The lender makes payments to the borrower and the total debit becomes payable from the sale of the property or from the borrower's estate at death. This mortgage program was created to help the elderly living on a fixed income. This loan is referred to as a _________ Annuity mortgage
A government owned agency that buys conventional, FHA, and VA loans. They are in the secondary mortgage market and considered the largest holder of residential debt. They are referred to as ________ Mae
The borrower makes monthly payments of principle, interest, tax and insurance (PITI). The lender places the tax and insurance portion in an impound account until these expenses need to be paid. This loan is referred to as a _________ Mortgage
Verticales
This loan can be a fixed amount or a line of credit (HELOC). This is where the borrower uses the equity in their home as an alternative to refinancing. These are referred to as Home ________ Loans
This insurance protects the lender against loss if borrower defaults. This insurance is used with conventional loans when the loan to value exceeds 80%. This is referred to as _________ Mortgage Insurance (PMI)
Each member bank of the Federal Reserve is required to keep a certain amount of assets on hand to protect customer deposits. This is called _________ Requirements
On this type of loan the interest rate changes at fixed intervals. Rate caps are placed on the loan which limits the increase or decrease of the rate at each adjustment period. This loan is referred to as an _______ Rate Mortgage (ARM)
A government mortgage assistance program that guarantees home loans for eligible veterans and widowers who have not remarried and whose spouses have died in the line of duty. These loans are referred to has The Department of __________ Affairs
This type of loans where the borrower makes the same monthly payment for the entire term of the loan and after the final payment is made, the balance of P&I will be zero. This is referred to as a ________ Loan
This loan includes both personal and real property together. This is referred to as a _________ Loan
This loan covers more than one parcel and is used to finance subdivision developments. This is referred to as a _________ Loan
A mortgage loan where the borrower pays interest only for a stated period of time and the entire principle balance is due at the end of the term. This is a _______ Only Mortgage
These are short-term loans that investors can use to finance an investment project. This loan is often used by house flippers and are issued by private investors rather than banks. These are referred to as _________ Money Loans