Matching Pairs MortgagesOnline version mortgage and homeowning vocab by Catherine Lowerre 1 Fixed rate mortgage 2 adjustable rate mortgage ARM 3 property or realestate tax 4 assessed value 5 jumbo mortgage 6 down payment 7 mortgage 8 interest only 9 escrow 10 foreclosure or to foreclose 11 homeowner's insurance 12 balloon mortgage 13 Market Value money put down to buy a home home loan where the rate does not change the bank taking your home due to lack of payment coverage incase something happens to your property How much you can buy the home for home loan where the interest rate will vary with the market home loan with a huge last payment home loan tax on owned property money taken by bank to pay taxes a mortgage where only interest is paid until the last month the number the property tax is based on home loan for a huge amount of money