Mortgage Expressions Matching Worksheet

Answer Bank
  • A. PITI
  • B. fixed rate
  • C. to get an appraisal
  • D. lock in
  • E. closing costs
  • F. title
  • G. equity
  • H. home equity loan
  • I. refinance
  • J. balloon payment
  1. The money you pay at the end of the home buying process:
  2. A one time lump sum payment:
  3. To have someone look at your house to see what it is worth:
  4. A loan that is secured by the money you have paid in to your home:
  5. This makes up your total monthly payment:
  6. A document that states who the owner of a certain property is:
  7. The difference between the appraised value of your home and the amount that you still owe on the mortgage:
  8. Describes an interest rate that stays the same for the life of the loan:
  9. A guarantee from a lender on the interest rate you will be paying for the loan:
  10. To replace the existing loan that you have on your house with another one that has different terms: .

  • Mortgage Expressions Matching Worksheet