B2.2 Conversational Vocabulary_BUying the house

The initial amount of money borrowed for a

mortgage, excluding interest.

• principal

• interest rate

• deposit/downpaymet

The percentage charged by a lender for borrowing

money.

• morgage

• principal

• interest rate

A loan used to purchase a property.

• downpaymet

• repossession

• mortgage

A licensed professional representing buyers or

sellers in real estate transactions.

(a)  

The initial payment made by the buyer when

purchasing a property.

• mortgage

• deposit/down

  payment

• principal

Forced removal from rented property because of a

breach of rental agreement/contract

• eviction

• subletting

• tenant

Person renting and living in a property.

(a)  

Property owner or manager who rents to others.

(a)  

Advanced payment to cover potential damage to

furnishing or property.

• principal

• rent

• security deposit

Payment made for the use of property.

• deposit/downpayment

• rent

• morgage