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News about Mortgages:
Mortgage rates dip, but cash is still king - Sarasota Herald-TribuneMortgage rates dip, but cash is still kingSarasota Herald-Tribune, FL - Dec 2, 2008Consider Ron and Tracy Canterbury of Canton, Ohio, who came down last weekend figuring it would be easy to snap up a desirable home on Bird Key with ...
Officials Will Decide Red Line's Fate In January - WJZOfficials Will Decide Red Line's Fate In JanuaryWJZ, MD - Dec 2, 2008Some people don't want to see it running aboveground, especially in places like Canton, where the red line would run right along the median. ...
Cash is in demand - Atlanta Journal ConstitutionCash is in demandAtlanta Journal Constitution, USA - Dec 1, 2008Where: Haley Farm, Canton. The community has new homes listed from the high $300000s to the high $400000s. Their home: A new four-sided brick home that’s ...
Property Transactions - Towanda Daily ReviewProperty TransactionsTowanda Daily Review, PA - Nov 30, 2008Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for property in Canton Borough 1st Ward for ...
HIT, ESOP offer program - Register-HeraldHIT, ESOP offer programRegister-Herald, OH - Nov 30, 2008Whether a homeowner has missed one mortgage payment or is already in the foreclosure process, HIT Foundation and ESOP may be able to help. ...On business: Small signs that things are looking up Canton Repository (subscription)all 3 news articles
Some residents live in fear of foreclosure - Torrington Register CitizenSome residents live in fear of foreclosureTorrington Register Citizen, CT - Nov 29, 2008With homeowners struggling to pay their mortgage bills, Gov. M. Jodi Rell proposed this week that banks stop foreclosing on properties for six months to ...
Sale on hold for elderly couple's foreclosed home - Canton Repository (subscription)Canton Repository (subscription)Sale on hold for elderly couple's foreclosed homeCanton Repository (subscription), OH - Nov 17, 2008CANTON A North Canton couple facing the sale of their home got a reprieve Monday. Family and friends of William and Bette Hammen have been scrambling to ...Sheriff's sale of couple's North Canton home is canceled Canton Repository (subscription)all 3 news articles
Organizations provide help to those in need - Canton Repository (subscription)Organizations provide help to those in needCanton Repository (subscription), OH - Nov 26, 2008Republic Waste Services of Ohio employees in Canton and Akron recently donated more than $5500 to United Way of Greater Stark County and United Way of ...
Another statistic: Elderly couple to lose home to foreclosure - HollandSentinel.comAnother statistic: Elderly couple to lose home to foreclosureHollandSentinel.com, MI - Nov 16, 2008Last October, just before Hammen stopped paying on the mortgage, he talked four times with North Canton police about checks he received in the mail. ...
Tweeter gets court OK for $20m liquidation loan - Boston Globe (registration)Tweeter gets court OK for $20m liquidation loanBoston Globe (registration), United States - Nov 7, 2008Tweeter, based in Canton, estimated it would sell $45.4 million worth of merchandise during the eight-week-long liquidation, according to court papers. ...
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