Key Terms: Chapter 15- The Cost of Home Ownership

Adjustable rate mortgage (ARM)

Amortization schedule

Amortization table

Biweekly mortgage

Cash-out refinance

Closing costs

Escrow account

Fixed-rate mortgage

Foreclosure

Graduated-payment mortgage (GPM)

Home equity line of credit

Home equity loan

Interest-only mortgage

Monthly payment

Mortgage

Points

Reverse mortgage

Short sale

Subprime loan