I need help with my Microeconomics homework

1. What is a title?

2. What is escrow?

3. What is equity?

4. Name the 6 types of housing?

5. What are two benefits and two disadvantages of owning a residence?

6. What are the 4 different types of mortgages?

7. What is the advantages of ARM?

8. What is closing costs and what do they cover (give 4 examples)?

9. What is an appraisal?

10. What is flood insurance?

11. Explain what the front end and back end costs are and give examples of each?

12. What is a down payment?

13. If you plan to put down 5 percent and borrow $150,000, what is the sale price and the down payment going to look like ( think about the math 150,000*5%= ?

14. What is a housing association in America (not UK)?