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Mount Vernon's Vista development faces foreclosure - Lower Hudson Journal newsMount Vernon's Vista development faces foreclosureLower Hudson Journal news, NY - Jan 3, 2009In Mount Vernon, the Vista project was marketed toward commuters who would take advantage of a two-block walk to the Fleetwood train station. ...
Demolitions making way for Grand Terrace center - Press-EnterpriseDemolitions making way for Grand Terrace centerPress-Enterprise, CA - Dec 31, 2008Starbucks Coffee will be remodeled and will remain on the corner of Barton and Mount Vernon. Mayor Maryetta Ferre said she is pleased that Starbucks will ...
Grant funds available to city - Mount Vernon NewsGrant funds available to cityMount Vernon News, OH - Dec 26, 2008By Fred Main MOUNT VERNON — The city of Mount Vernon has been paired with Knox County and Richland County in a Neighborhood Stability Program, according to ...
SOS -- 'Save Our Stocks' - Wall Street JournalSOS -- 'Save Our Stocks'Wall Street Journal - Jan 1, 2009Died: Sir Edmund Hillary, age 88, the first person to reach Mount Everest's summit. 12 Bank of America agrees to buy the US's largest mortgage lender, ...
Somerset County property transactions, updated 12-15-08 - Bethany Beach WaveSomerset County property transactions, updated 12-15-08Bethany Beach Wave, DE - Dec 15, 2008Dept., 13658 Bobtown Road, Mt. Vernon, $71135 Solomon's Realty and Investment Llc. to Lori A. Carter, 30550 Valentine Drive, Princess Anne, $0 Shawn Michael ...
Third time is a charm for area resident - Mount Vernon NewsThird time is a charm for area residentMount Vernon News, OH - Dec 24, 2008By Samantha Scoles MOUNT VERNON — With a white Christmas tree beautifully decorated by siblings Courtney Gump, 14, and Dylan Snyder, 7, their mother, ...
Real estate investors sour on foreclosures - Lower Hudson Journal newsReal estate investors sour on foreclosuresLower Hudson Journal news, NY - Dec 21, 2008Friedberg said he doesn't want to acquire anything in Mount Vernon because the subprime mortgage market has left so many properties on the market with no ...
Low rates spur mortgage inquiries - Rochester Democrat and ChronicleLow rates spur mortgage inquiriesRochester Democrat and Chronicle, NY - Dec 17, 2008People with below average credit scores are still able to obtain loans, said William L. Powell Jr., president of Mt. Vernon Mortgage Resource Center in ...
Runners Leave 5K And 2008 Behind - Washington PostRunners Leave 5K And 2008 BehindWashington Post, United States - Jan 1, 2009It began at noon at Gateway Park in Rosslyn and snaked along the Mount Vernon bike path. Under a crisp, blue sky, participants ran, walked or jogged the ...
It's time for the Golden Typo Awards - Lower Hudson Journal newsIt's time for the Golden Typo AwardsLower Hudson Journal news, NY - Jan 2, 2009... resigned from his job as a Catholic school principal in Mount Vernon, and 31-year-old Francesco Autera of Thornwood - were charged with public lewdness, ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
View all Terms