Advanced Vocabulary Exercise: Financial Words & Expressions Gap Fill

Choose the best word for each sentence.

approved - assessed - closing - earnest - escrow - lien - loan - mortgage - realtor - title

  1. John and Mary wanted to buy a house. They had saved up enough for the money, also called the down payment.
  2. The down payment would be kept in a(n) account until the deal was closed.
  3. They looked for a good , who would help them find a suitable house.
  4. They also went to the bank to apply for a(n) .
  5. They were after the bank checked their credit rating.
  6. They found a nice house, but it had a(n) on it because the new roof had not been paid for.
  7. Mary and John decided not to buy it, because they wanted a property with a clear .
  8. They looked at another home, which was selling for less than its value.
  9. The owner accepted their offer, and a date was set for the .
  10. Now John and Mary are home owners. They are happy to be making payments instead of paying rent.

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