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6.07
| Question | Answer |
|---|---|
| closing costs | fees and charges |
| deprictation | decrease in vaule |
| down payment | portion of the purchase |
| equity | monetary vaule |
| homeownews assoiciation | monthly or yearly fees |
| homeowners insurance | covers damage or loss of structure |
| landlord | the person who owns the property |
| leasing | renting a product |
| mortage insurance | protects the lender |
| mortage | a loan |
| real estate agent | lisenced individual |
| rent | the price paid for property |
| rental agreement | a contract |