Match the terms with the description

Term Answer Description Loan-to-value ratio Mortgage points This is the general name used to refer to and quantify the fees charged by lenders at the time they grant a mortgage loan This is a form of direct ownership of an individual unit in a multiunit project in which common areas and facilities, such as the lobbies, recreational areas, and facilities, are owned by all property owners in the project this is the ratio of the maximum loan that a lender is willing to make to purchase a property divided by the cost of the property. A. B. Closing costs C. Foreclosure D. This policy is often provided by private insurers to protect the lenders against loss if the borrower defaults in making payments towards the loans Short sale This refers to the process in which a lender seizes and sells a property, because the borrower cannot make the scheduled principal and interest payments. This is the name given to a situation in which a home and the property on which it sits secures a $185,000 mortgage loan, and the property is sold for only $155,000. This occurs when the value of the real estate asset is lower than the loan amount due on that asset E. Condominiumm F. Private mortgage G. insurance This term refers to the transaction costs, including fees and expenses, incurred by the buyer during the purchase of a property that is over and above the price of the property. Earnest moneV H. deposit Negative equity I.This refers to the clause in a real estate sales contract that makes the agreement conditional on one or more factors or events, such as the availability of financing or the results of a property inspection. This is a deposit made to the seller to express the intent of purchase so that the offer is considered seriously Contingency clause