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
- A type of payment made in cash before the purchase is called a [down] payment.
- Seniors can be easily deceived by [con] artists.
- If we lower the price by 10%, we will still make a lot of money on it and the price will look more [affordable] .
- With this strategy, it is quite easy to [convince] homeowners that the fraudulent program might actually help them.
- The chief mortgage [rip-off] was worth $10 million.
- A type of mortgage in which a homeowner can borrow money against the value of his or her home is called a [reverse] mortgage.
- Rescue from financial difficulties is called a [bailout] .
- The FBI is looking for a [fraudster] who deprived hundreds of seniors of millions of dollars.
- The memebers of the charity organisation became [unwitting] victims of the fraud.
- The commitee [compiled] a list of the most common mistakes and errors.