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A real-estate investor shares his 5 secrets for success - MyCentralJersey.comEditor's note: Martin Sumichrast is an independent author who asked if he could submit the following article; the views herein are his and do not necessarily reflect the views of the Real Estate Editor, the Courier News, the Home News Tribune or ...
Meltdown far from over, new mortgage crisis looms - Kane County ChronicleWASHINGTON — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...
Owner of four New Jersey malls could go bankrupt - Bridgeton NewsDrowning in debt, and citing a weak retail and credit market, the owner of four New Jersey malls has hired bankruptcy lawyers and warned it could file for legal protection as it tries to dig itself out of a financial hole. General Growth Properties ...
Malls are next to face foreclosure - Herald TribuneWASHINGTON - The full scope of the housing meltdown is not clear, and already there are ominous signs of a new crisis -- one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...
Devils beat Panthers in overtime - FOX NewsSUNRISE, Fla. — Johnny Oduya scored with 55.5 seconds left in overtime to give New Jersey a 3-2 victory over the Florida Panthers on Wednesday night, the Devils' fifth consecutive victory. Florida sent the game to overtime with two goals in the ...
New Mortgage Crisis Looms - TimeThat pace is expected to quicken. The number of late payments and defaults will double, if not triple, by the end of next year, according to analysts from Fitch Ratings Ltd., which evaluates companies' credit. "We're probably in the first inning of ...
Prosecutor: Church Shooting Suspect Confesses, Would Have Killed ... - FOX NewsA man accused of driving across the country to fatally shoot his estranged wife and another man inside a New Jersey church confessed to the shooting rampage, a Georgia prosecutor told the Associated Press. Walton County Assistant District Attorney ...
Meltdown not over, new US mortgage crisis looms - Boston HeraldW ASHINGTON - The full scope of the U.S. housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts across the country. Even as the holiday shopping ...
Office, hotel sectors feel the heat - Delaware OnlineWASHINGTON -- The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis -- one that could turn out the lights on malls, hotels and storefronts nationwide. The same events poisoning the housing market are ...
Malls, hotels next victims in new mortgage crisis - Kansas City StarThe full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full swing, the ...

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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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