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News about Mortgages:
LENAWEE IN BUSINESS: TLC credit union continues its expansion - Adrian Daily TelegramLENAWEE IN BUSINESS: TLC credit union continues its expansionAdrian Daily Telegram, MI - Dec 28, 2008By Arlene Bachanov A card table and a cash box were all it took for the Tecumseh Products Employees Credit Union to get started in the company’s cafeteria ...
• Money is here for banks to lend, but where are borrowers? - MLive.com• Money is here for banks to lend, but where are borrowers?MLive.com, MI - Jan 4, 2009Citizens Republic Bank, of Flint, and United Bank, of Tecumseh, are the others. Chemical Financial, of Midland, decided not to take the loan, and Flagstar ...
Murderer sentenced to death - San Diego Union TribuneMurderer sentenced to deathSan Diego Union Tribune, CA - Dec 15, 2008A San Diego jury convicted Tecumseh Colbert, 25, last year of first-degree murder and other charges in two shootings in October and November 2004. ...Man sentenced to death for killing homeless man San Jose Mercury NewsMan who fatally shot two in '04 gets death sentence San Diego Union Tribuneall 26 news articles
Arvest Adds, Promotes Several Employees - Tecumseh Countywide NewsArvest Adds, Promotes Several EmployeesTecumseh Countywide News, OK - Jan 2, 2009A Shawnee native, Wilkes currently lives in Tecumseh and attends the Fresh Fire Outreach Center Church. Barbarann K. Wood will serve as an assistant branch ...
Ford's lifeline proves shaky - Windsor StarFord's lifeline proves shakyWindsor Star, Canada - Dec 23, 2008The couple sold their mortgage-free home for $167000 and purchased a $300000 home in St. George, just north of Brantford. "This is the biggest mortgage I've ...
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