Chestnut Mortgage Refinance and Information Online from competing Lenders

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Financial News
Local mall operator says it's at risk for default - Boston Globe
The mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...

The Round-Up: Tuesday - New York Observer
The NYPD is relying on video surveillance more and more these days but it’s unclear how it’s affecting crime, if at all. [NY Times] Bloomberg and the city’s largest municipal union reach a deal on a two-year contract that includes a 4 percent ...

Faneuil Hall, Natick Collection Owner In Trouble - WBZ-TV
BOSTON (WBZ) ― The company that owns several popular malls in New England says it may have to file for bankruptcy - just before the holidays. General Growth Properties Inc. of Chicago owns the Faneuil Hall Marketplace , the Natick Collection ...

That sinking feeling - Delaware Online
From the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it. Because of various problems that arose during construction, the Thomases have been ...

Business Digest - Providence Journal
General Growth Properties, owner of the Providence Place mall, has reported a third-quarter loss and abandoned its third-quarter dividend. In the second quarter, it paid 50 cents a share. The Chicago-based company also cut its forecast for this year ...

For Obama, a Towering Economic To-Do List - Gainesville Sun
The dismal state of the economy helped decide Tuesday’s presidential election. And it almost certainly will dominate the early days of the Obama administration. Election Unleashes a Flood of Hope Worldwide For Obama, No Day to Bask as He Starts to ...

Hip-Hop Rumors: Britney Spears Blames Rap For Divorce? Khaled Sells ... - allhiphop.com
No real two cents today...just R.I.P. to MC BREED. Also, don't forget to read The Top 10 Worst Fads In Hip-Hop History (Part 1 of 2) . Part 2 is on the way. I have to type it up and get it up on the site. IF YOU SEE SOMETHING, SAY SOMETHING ...

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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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