Cost of Living - the level of prices relating to a range of everyday items., Standard of Living - material well being of the average person in a given population., House Poor - the situation where homeowners have bought homes beyond their means., 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, Legal Contract - agreement between two parties that creates an obligation to perform, Amenities - 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., Acknowledgment Clause - Review by Counsel or Independent Legal Advice, Private Mortgage Insurance (PMI) - mortgage insurance you might be required to pay for if you have a conventional loan., Mortgage - financial arrangement between a borrower and a private, individual lender in which the lender provides financing to the borrower to purchase a home, Down Payment - cash that the buyer pays upfront in a real estate transaction and other large purchases, Equity - fairness and justice,

Financial math

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