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Cleveland-area hospitals proceed with expansion plans despite economy - Cleveland Plain Dealer BlogSeveral major hospital expansions in Greater Cleveland are moving forward despite an economic crisis that has stalled medical projects nationwide. University Hospitals and Hillcrest and Lake hospitals all have major renovations or construction in the ...
Mortgage applications at 5-year high for second straight week as ... - Minneapolis Star TribuneWASHINGTON - Mortgage applications remained at their highest level in more than five years last week, as borrowers took advantage of attractive rates and rushed to refinance their home loans. While low rates are a great opportunity for borrowers with ...
Construction spending falls less than expected - Cleveland Plain Dealer BlogWASHINGTON -- Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. The outlook, however, is for significant weakness as the worst recession in at least ...
Commercial real estate outlook: renters gain the upper hand over ... - Minneapolis Star TribuneNEW YORK - The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
Fyi: Business - Tulsa WorldThe number of drilling units actively exploring for oil or gas in Oklahoma held steady at 159 this week, Baker Hughes Inc. reported Friday. The net rig count is 19 percent below the year-ago level, which was 197. Meanwhile, the nationwide number of ...
Chatzky: Wrap up those money troubles - Daily HeraldI gave my inbox an end-of-the-year cleanup and pulled these questions that I think will apply to many people these days: Samantha from Cary, N.C., asks: I am a small business owner. We are more than struggling. People are afraid to spend money. How ...
New at Reason: Jacob Sullum on the Year in Blame Shifting - Reason.comAnd so, yet again, a picture that has jack and shit to do with the article. I get that election season is meat and potatoes around here, but it's fucking over and the rest of us *suffered trauma* from it. It's not cool to jump behind a guy with PTSD ...
The World Newser - ABC News BlogsGeorge Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...
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