1
special policy protects lender in case buyer cannot make payments or cannot make them on time
2
mortgage with interest rate increase or decrease during the life of the loan
3
mortgage with fixed rate and fixed schedule of payments
4
loan based on difference between current market value of home and amount borrower owes on the mortgage
5
protects the buyer if problems with the title are found later
6
money is held in trust until it can be delivered to a designated party
7
reduction of loan balance through payments made over period of time
8
applied toward the down payment
9
an estimate of current value of the property-used a listing price
10
obtaining new mortgage to replace an existing one
11
long-term loan extended to someone who buys property
12
meeting of seller, buyer, and lender of funds to complete transaction
13
extra charges paid by buyer to lender in order to get lower interest rate
14
value of home less amount still owed on the money borrowed to purchase house
