Home Buying Basics Crossword

Value of an owner's share in a property; value minus debt
Loan to finance the purchase of real estate
Increase in price levels and reduction in the value of money
Percentage of a person's income which goes toward paying debts; one way lenders measure an individual's ability to borrow
Record of how an individual has repaid debts in the past, used as a guide to measure the individual's ability to borrow
Fee charged by a lender for the use of borrowed money; expressed as a percentage of the amount borrowed
Written proof a lender is willing and ready to lend an individual a specific amount of money for a mortgage based on verified income and assets
Person who is licensed to negotiate and arrange real estate sales
Detailed written document which, once signed by both parties, becomes a legally binding contract
Provision stating fulfillment of a contract depends on certain conditions
Process during which the title to the property is transferred to the buyer, also known as settlement