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News about Mortgages:
McCain helped businessman buy Fort Ord land for a fraction of its ... - San Jose Mercury NewsMcCain helped businessman buy Fort Ord land for a fraction of its ...San Jose Mercury News, USA - 1 hour agoMONTEREY -- An Arizona businessman, with help from Sen. John McCain's office, paid the federal government a mere fraction of the market value when he bought ...
Paying taxes forward - Monterey County HeraldPaying taxes forwardMonterey County Herald, CA - Oct 11, 2008I have worked with Todd in the court system since he came to Monterey County in 1994. He is hardworking, intelligent and outstanding in his knowledge of our ...
Vote 'no' on Measure J - Pasadena Star-NewsVote 'no' on Measure JPasadena Star-News, CA - Oct 10, 2008THE Los Angeles Community College District's nine campuses - including East Los Angeles College, which is actually in Monterey Park - do an excellent job ...
PROPERTY TRANSFERS - Clarksville Leaf ChroniclePROPERTY TRANSFERSClarksville Leaf Chronicle, TN - 7 hours agoKaren B. Daffron, now Karen Holt, to Jerry Holt and Karen Holt; 2008 Monterey Place; quitclaim. David Thompson to Joyce Thompson; 5315 Louise Road, ...
The American dream lost - Pinnacle NewsThe American dream lostPinnacle News, CA - Oct 10, 2008She lived there with two developmentally disabled sisters, and paid the mortgage with her own disability check and money she received as conservator for her ...
Mortgage deal sparks protest - Pasadena Star-NewsMortgage deal sparks protestPasadena Star-News, CA - Sep 26, 2008The Monterey Park resident was livid about the mortgage she said she and her husband were forced into accepting last year from World Savings, ...
There's an upmarket downturn - Gold Coast NewsThere's an upmarket downturnGold Coast News, Australia - Oct 10, 2008... into mortgage stress found that 6.4 per cent of people in postcode 4212 -- which includes Sanctuary Cove, Hope Island, River Links, Monterey Keys, ...
Monterra woes worsen - The Salinas CalifornianMonterra woes worsenThe Salinas Californian, CA - Oct 8, 2008Petralia, of the Monterey-based Private Capital Group, took over the portfolio of the former Trust Deeds Program broker Rolland Fletcher after Fletcher ...Fund moves to foreclose on 13 Monterra subdivision lots Monterey County HeraldMonterra Ranch Hit With Foreclosure Notices KSBWSalinas forecloses on 13 Monterra properties The Salinas Californianall 8 news articles
Lehman's $30B CRE Portfolio To Hit The Market [Housing Tracker] - Seeking AlphaLehman's $30B CRE Portfolio To Hit The Market [Housing Tracker]Seeking Alpha, NY - Sep 23, 2008“Monterey Springs Holdings LLC [got] acquisition financing for Monterey Springs Apartments, a 390-unit garden-style apartment complex in Happy Valley, ...Commercial property prices rise a tad in July FinancialWeek (subscription)all 2 news articles
CAR Reports SalesIncreased 56.7 Percent; Median Home Price Fell40 ... - MarketWatchCAR Reports SalesIncreased 56.7 Percent; Median Home Price Fell40 ...MarketWatch - Sep 25, 2008Adjustable-mortgage interest rates averaged5.26percent inAugust 2008, compared with5.67 percent inAugust 2007. -- The median number of days it took to sell ...
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