Buying a Home Vocab Flashcard

Front

Property loan

Back

Mortgage

Front

Base amount for monthly phone service

Back

Flat Rate

Front

A person who owns and rents property

Back

Landlord

Front

Spend no more than a week's income for a month's rent

Back

Renter's Rule

Front

Policy covering home balance owed

Back

Mortgage Insurance

Front

Payment charged to borrower for using money

Back

Interest

Front

Fixed amount or quantity used as a standard

Back

Units

Front

Amount loaned to a creditor

Back

Principal

Front

Contract to rent property

Back

Lease

Front

Part of the price paid at purchase

Back

Down Payment