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Real Estate Financing Principles pt. 1

Horizontales
A __ is 1% of the loan amount.
A __ loan can be conforming or nonconforming but most are conforming.
__ banking companies use money borrowed from other institutions, funds of their own or both to make real estate loans.
__ is calculated by dividing the amount of the loan by the value of the property.
Borrowers with 580 or higher credit scores are eligible for maximum financing through __.
When an applicant is __ for a loan, the lender has estimated the maximum loan for which the applicant could qualify.
Most amortized mortgage and deed of trust loans are paid in __ installments.
Interest-only loans are also called __ loans.
In a fully __ loan payment plan, the mortgagor pays a constant amount.
__ associations specialize in long term residential loans.
Verticales
__ payments are partially amortized loans and the final payment is larger than the others.
__ Development loans are for very low income to moderate income applicants in lower population rural communities.
A __ loan origination system is an electronic network for handling loan applications through remote computer terminals.
An unremarried spouse of a veteran whose death was service related is eligible for a __ loan.
The lender of an FHA-insured loan can charge discount points in addition to a loan __ fee.
When an applicant is __ the lender has verified income and debt and is permitted to quote a specific maximum loan amount.
The funds used to finance the purchase of real estate come from a variety of sources in the __ mortgage market.
The __ Housing Administration neither builds homes nor lends money itself.
__ underwriting is the process of electronically evaluating a loan application and subsequently providing a recommendation for or against loan approval.
Loans from other funds may be combined with the __ loan.
Private Mortgage Insurance
Mortgage __ are not lenders but are often instrumental in obtaining financing.
__ credit scores are a method of evaluating an individual's creditworthiness.