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Wyden's plan to simplify your taxes and end Western civilization as we know it - BlueOregon (blog)Wyden's plan to simplify your taxes and end Western civilization as we know itBlueOregon (blog)And, at the risk of making some people angry, I suspect that the reason 66 & 67 got over 45% of the vote in counties like Yamhill, Wasco, and Umatilla is ...and more »
Kern Schools plans 4 branch closures, 40 layoffs - Bakersfield CalifornianBakersfield CalifornianKern Schools plans 4 branch closures, 40 layoffsBakersfield Californian... the one on Oswell Street, near the East Hills Mall, as well as two supermarket-based branches -- one in Wasco and one on Hageman Road in Bakersfield. ...and more »

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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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