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News about Mortgages:
Five things to watch in the New Year - Valdosta Daily TimesFive things to watch in the New YearValdosta Daily Times, GA - Dec 27, 2008Building Boom: Recent years have seen a tremendous increase in construction across South Georgia, particularly in Lowndes County. ...Top Business Stories of 2008 Valdosta Daily Timesall 2 news articles
Southwest Georgia Financial Corporation Declares Quarterly Cash ... - MSNBCSouthwest Georgia Financial Corporation Declares Quarterly Cash ...MSNBC - Dec 19, 2008... in Lowndes County. The bank provides, in addition to conventional banking services, investment planning and management, trust management, mortgage ...
Sales of homes in Nov. lowest since Jan. 2001 - Montgomery AdvertiserSales of homes in Nov. lowest since Jan. 2001Montgomery Advertiser, AL - Dec 30, 2008Most real estate measures from November show that home sales in the Montgomery area, which in the study includes Montgomery, Autauga, Elmore and Lowndes ...

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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.
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