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Pier 39's management dismisses Joe Abuzaid as a wingnut, but this ... - San Francisco WeeklyRuiz had indeed gone looking for help in the community, inquiring at a local travel agency about someone who could lend her money or help refinance her mortgage. There, she was told about a real estate agent who was known to help fellow Latinos, "an ...
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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.
View all Terms