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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