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WorksheetsEPF 4.3
Total questions: 10
Worksheet time: 5mins
an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property if you fail to repay the money you've borrowed
Lease
Escrow
Mortgage
Collateral
the fee a lender or broker charges to cover their processing costs when an individual applies for a mortgage or for the ability to lease a property
paper fee
money that is given to a lender, seller, or landlord as proof of intent and may be used to pay for damages caused by a renter
security deposit
monthly installment
a homebuyer's loan made through a private lender
conventional mortgage loan
a home loan option with a specific interest rate for the entire term of the loan
Variable Rate Mortgage
New Rate Mortgage
Jumbo Mortgage
Fixed Rate Mortgage
an interest rate that adjusts over time in response to changes in the market
fixed rate
a written statement detailing a person's desires regarding their medical treatment in circumstances in which they are no longer able to express informed consent
Secured consent
a tax on the profit from the sale of an asset such as bonds, stocks, real estate and property
the cost you pay each year to borrow money, including fees, expressed as a percentage
property owned by a person or company, regarded as having value
