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Financial crisis hits home - New Jersey Jewish StandardFinancial crisis hits homeNew Jersey Jewish Standard, NJ - Sep 19, 2008Barnert Temple of Franklin Lakes has two support systems to help people cope, said Rabbi Elyse Frishman. "My hunch is people are privately dealing with ...
Flood plain update stirs fears - Toledo BladeFlood plain update stirs fearsToledo Blade, OH - Oct 5, 2008Mr. Hanke said the data were the most up-to-date study available on Great Lakes water levels. Point Place residents are skeptical that the levees, ...
ENPR: Panic and Fear on Capitol Hill - Human EventsENPR: Panic and Fear on Capitol HillHuman Events, DC - Sep 24, 2008Franklin County Commissioner Mary Jo Kilroy (D) is the slim favorite over State Sen. Steve Stivers (R) in Ohio's 15th District. Representatives Jean Schmidt ...
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