Cost of living, the level of prices relating to a range of everyday items., Standard of living, the degree of wealth and material comfort available to a person or community., Renting, pay someone for the use of (something, typically property, land, or a car)., Fixed-Rate Mortgage, home loan option with a specific interest rate for the entire term of the loan, Mortgage Principal, amount you borrowed and have to pay back, Amenities, a desirable or useful feature or facility of a building or place., Leasing Contract, contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party, Legal Contract, an agreement between two parties that creates an obligation to perform (or not perform) a particular duty., Acknowledgment Clause, A Standard Clause intended to demonstrate that the parties understand and agree to the terms and conditions contained in a commercial agreement., Private Mortgage Insurance, type of mortgage insurance you might be required to pay for if you have a conventional loan., Mortgage, a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, Down Payment, an initial payment made when something is bought on credit., Equity, the quality of being fair and impartial., House Poor, the situation where homeowners have bought homes beyond their means.

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