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News about Mortgages:
Taxi man battered outside blaze house - Highland NewsTaxi man battered outside blaze houseHighland News, UK - Dec 31, 2008By Helen Bushnell A TAXI driver claims he was viciously assaulted by a gang of yobs outside a house in Inverness later hit by a dramatic blaze on Saturday. ...
Michael Schiavo: Trolling On Tax Dollars? - North Country GazetteMichael Schiavo: Trolling On Tax Dollars?North Country Gazette, NY - Dec 19, 2008Court records indicate that Deborah Bushnell represented Cynthia Gay in Pinellas County Probate Court in the probate of a $85000 estate of Rice. ...
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