Answer Key

Mortgage – New Vocabulary Practice

You have already passed this section on 2015-03-01 at 4:54.

Fill in the missing words. Choose one of the words below. Sometimes you need to put them in the right form.
  • CON
  •  
  • COMPILED
  •  
  • UNWITTING
  •  
  • REVERSE
  •  
  • CONVINCE
  •  
  • BAILOUT
  •  
  • FRAUDSTER
  •  
  • AFFORDABLE
  • DOWN
  •  
  • RIP-OFF
  1. A type of payment made in cash before the purchase is called a  [down] payment. 
  2. Seniors can be easily deceived by  [con] artists. 
  3. If we lower the price by 10%, we will still make a lot of money on it and the price will look more  [affordable] . 
  4. With this strategy, it is quite easy to  [convince] homeowners that the fraudulent program might actually help them. 
  5. The chief mortgage  [rip-off] was worth $10 million. 
  6. A type of mortgage in which a homeowner can borrow money against the value of his or her home is called a  [reverse] mortgage. 
  7. Rescue from financial difficulties is called a  [bailout] . 
  8. The FBI is looking for a  [fraudster] who deprived hundreds of seniors of millions of dollars. 
  9. The memebers of the charity organisation became  [unwitting] victims of the fraud. 
  10. The commitee  [compiled] a list of the most common mistakes and errors.