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News about Mortgages:
$32M OK'd for marina - Leaf ChronicleClarksville City Council voted Monday to amend the city's capital project budget by $32 million to finance the revamping of Fairgrounds Park, including a marina and water park. The council voted last month to pursue the project in three phases ...
Metro may borrow $59M from Clarksville - Nashville PostMetro Council will consider a resolution at its meeting next week to approve a $59 million loan agreement with the Clarksville Public Building Authority. The loan agreement would refinance an adjustable-rate municipal bond issued in 2006 during Mayor ...
Metro forced to remedy $59M in bonds - Nashville City PaperA potential loan agreement between Metro and the Clarksville Public Building Authority came after a German bank had its rating downgraded, leaving Metro looking at a ballooning repayment rate on $59 million in variable-rate bonds. When the German ...
Austin Peay defeats Lambuth 79-63 - FOX NewsCLARKSVILLE, Tenn. — Wes Channels scored 18 of his game-high 22 points in the second half to lead Austin Peay over Lambuth 79-63 on Tuesday night. The Governors (2-2) led 43-28 at halftime and built a 22-point lead on a Channels 3-pointer with 17 ...
Marina given green light - Leaf ChronicleMinutes after they were told, for the first time, that the full marina project at Fairgrounds Park would cost about $25 million — and were told for the first time that it would include a publicly financed water park — the Clarksville City Council ...
Councilwoman Evans grills finance director - Nashville City PaperDistrict 23 Councilwoman Emily Evans pressed Metro Finance Director Richard Riebeling about his decision to refinance $59 million in municipal bonds during an uncomfortable Council budget and finance committee hearing on Monday. Evans, who has a ...
Bankruptcy Looms For Owner Of 2 Area Malls - WLWT 5CHICAGO -- The owner of two area malls faces bankruptcy, according documents filed earlier this week. General Growth Properties Inc. shares have plummeted after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy ...
General Growth Properties risks default - WAFFCHICAGO (AP) - General Growth Properties Inc. shares plummeted Tuesday after the Tennessee mall owner warned it faces solvency trouble and may be forced to file for bankruptcy. The company said it needs to refinance or extend nearly $1 billion in ...
Leaders looking forward - Leaf ChronicleWith the City Council's approval of the marina development plan, Clarksville is moving in the direction that will help to define it as a progressive city. Clarksville's original role involving the marina was only to dredge a marina basin and extend ...
Ala Moana, Ward Centers owner facing bankruptcy - Honolulu Star-BulletinGeneral Growth Properties Inc. , owner of Ala Moana Center and Ward Centers in Hawaii, said yesterday it is facing the possibility of bankruptcy if it fails to refinance or extend nearly $1 billion in debt due next month. The real estate investment ...
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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