Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Consumer Loans

QuestionAnswer
Acceptance (referring to real estate contracts) the act of agreeing to the terms and conditions of a contract or offer.
Adjustable-rate mortgage (ARM) a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender
Amortization table a table detailing each periodic payment on an amortizing loan.
Closing costs (referring to a mortgage) the necessary fees required to process your mortgage and transfer legal property ownership
Collateral an asset pledged by a borrower to a lender to secure repayment of a loan
Counteroffer (referring to real estate contracts) an offer made in response to the original bid.
Earnest money is a good-faith deposit that helps show sellers you're serious and can strengthen a home purchase offer.
Equity (referring to real estate/housing) the market value of real property, less the amount of any liens that may exist
Finance charge the cost of consumer credit as a dollar amount.
Fixed-rate mortgage a home loan with an interest rate that stays the same for the entire loan term
Interest monetary charge for the privilege of borrowing money,
Lien a legal claim against your property or assets that is used as collateral to satisfy a debt.
Market value (referring to real estate) actual value of your property when placed for sale on the open market
Points (referring to a mortgage) fee you pay your lender upfront a lower interest rate on your loan.
Principal (referring to loans) the original amount you agree to repay
Created by: user-2063641
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards