Mortgage Vocabulary

Aim: This exercise is to help you to develop your mortgage-related vocabulary.

We can refer you to trusted property and solicitors.

Answer:
We can refer you to trusted property agents and solicitors.
They’ll also identify a option that best matches your budget.

Answer:
They’ll also identify a repayment option that best matches your budget.
We’ll give you an instant of the property you are interested in.

Answer:
We’ll give you an instant valuation of the property you are interested in.
Deferred repayment – pay only the monthly interest on your mortgage.

Answer:
Deferred principal repayment – pay only the monthly interest on your mortgage.
You can buy your first home, or refinance sooner than you think.

Answer:
You can buy your first home, trade up or refinance sooner than you think.
Low interest loans available to help you with your payment.

Answer:
Low interest loans available to help you with your down payment.
Unlike general mortgage plans, under this scheme is calculated on the daily outstanding net balance of your mortgage loan.

Answer:
Unlike general mortgage plans, interest under this scheme is calculated on the daily outstanding net balance of your mortgage loan.
In case of permanent disability or death, we will repay your in full.

Answer:
In case of permanent disability or death, we will repay your mortgage in full.
If you’re selling one home and buying another, your sale proceeds may lag behind your need to pay a .

Answer:
If you’re selling one home and buying another, your sale proceeds may lag behind your need to pay a deposit.
Insurance – covers the cost of rebuilding your home in case of fire, typhoon or .

Answer:
Insurance – covers the cost of rebuilding your home in case of fire, typhoon or subsidence.

Your total score is: