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chapter 5

Horizontales
Lessee is responsible for insuring and maintaining the car
A guarantee offered by the U.S. Veterans Administration to lenders who make qualified mortgage loans to eligible veterans of the U.S. Armed Forces and their unmarried surviving spouses.
rate is fixed for a period (say six months or five years) after which the rate may be changed for another term.
A mortgage offered by a lender who assumes all the risk of loss
Verticales
The ratio of the average house price to the average annual rent, which provides insight into the relative attractiveness of buying a house versus renting in a given area of potential interest.
When the principal balance on a mortgage loan increases because the monthly loan payment is lower than the amount of monthly interest being charged
most common is 30-years, but 15-year loan becoming more popular.
How large a monthly mortgage payment can you afford given your budget