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News about Mortgages:
Housing market will rebound eventually, with a bang - The News-PressHousing market will rebound eventually, with a bangThe News-Press, FL - 3 hours agoQ: The long-term prospects for Lee County's real estate market? A: Long term, I think they're great. The boomers will come. Remember, 'if you build it they ...
‘Underwater’ borrowers sign of more trouble - The News-Press‘Underwater’ borrowers sign of more troubleThe News-Press, FL - 6 hours agoAmong people who bought within the past five years, 46 percent are underwater on their mortgage in Lee, compared with 29 percent nationwide, according to ...Bailout bucks aren't designed to bail you out The News-Pressall 2 news articles
WHS Athletic Hall of Fame set to receive new group of inductees - Weatherford DemocratWHS Athletic Hall of Fame set to receive new group of inducteesWeatherford Democrat, TX - 8 hours agoThe Kangaroos opened the season tying Fort Worth’s Carter Riverside, 14-14, and also playing to a stalemate with the Hillsboro Tigers, 7-7. ...
Fort Myers-area home sales up - Naples Daily NewsFort Myers-area home sales upNaples Daily News, FL - Oct 8, 2008But while sales climbed in Lee County and surrounding areas, that slice of pie of listed homes shrank. Six percent of listed homes sold in September ...
Car loan crunch squeezes customers and dealers - MiamiHerald.comCar loan crunch squeezes customers and dealersMiamiHerald.com, FL - 4 hours agoOr, like Lee Yanes, they are getting creative. Yanes has decided to join the 6 percent of US consumers who don't finance their vehicles. ...
Scott Gillespie: South Florida: Where homes stand empty and people ... - Minneapolis Star TribuneScott Gillespie: South Florida: Where homes stand empty and people ...Minneapolis Star Tribune, MN - Oct 7, 2008There were a staggering 22000 foreclosure filings in Lee County, where Fort Myers is located, in 2007-08, compared with 1600 in 2005-06. ...
Single family home permits hit record low in Lee County - The News-PressSingle family home permits hit record low in Lee CountyThe News-Press, FL - Oct 1, 2008The city of Fort Myers issued 15 single-family permits in September, down from 16 in August. There were also 16 issued in September 2007. ...
Lee County commissioners approve report clearing Stilwell in real ... - The News-PressLee County commissioners approve report clearing Stilwell in real ...The News-Press, FL - Sep 30, 2008That was the finding of Michael Crain, a Fort Lauderdale based fraud investigator. After sometimes raucous sparring among commissioners, the board voted 4-1 ...Investigation clears Lee County manager Naples Daily NewsInquiry absolves County Manager Stilwell The News-Pressall 10 news articles
Economic crisis troubles Lee County seniors - The News-PressEconomic crisis troubles Lee County seniorsThe News-Press, FL - Sep 30, 2008... 64, of south Fort Myers, who with her husband bought a starter house in a little town in Wisconsin, took out a 20-year mortgage and paid it off in 7 1Ú2 ...
Commerical property purchases, leases (Oct. 5) - The News-PressCommerical property purchases, leases (Oct. 5)The News-Press, FL - Oct 4, 2008Pinebrook Pine LLC leased 518 square feet at 12995 S. Cleveland Ave., Fort Myers, to Serendipity Express & American Capital Mortgage Bank Ltd. Steve Wood of ...
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