Buying A House Vocab
Flashcard
•
Other
•
9th - 12th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Expenses beyond purchase price, like escrow fees and real estate commission.
Back
Closing Cost
2.
FLASHCARD QUESTION
Front
Legal document for property ownership transfer
Back
Deed
3.
FLASHCARD QUESTION
Front
Difference between a house's worth and what is owed.
Back
Equity
4.
FLASHCARD QUESTION
Front
1% of loan amount charged by lender.
Back
Points
5.
FLASHCARD QUESTION
Front
Cost of borrowing money.
Back
interest
6.
FLASHCARD QUESTION
Front
Amount of loan still to be repaid.
Back
Principle
7.
FLASHCARD QUESTION
Front
Legal term for a lender taking and selling a home to recover debt.
Back
Forclosure
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