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UPDATE 1-Mexico's Cemex surges on debt refinancing hopes - Reuters
MEXICO CITY, Nov 26 (Reuters) - Shares in Mexico's Cemex surged on Wednesday on optimism that the world's No. 3 cement maker may be nearing a deal to refinance part of the payments on $6.6 billion in debt due next year, analysts said. The company's ...
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MEXICO CITY, Nov 26 (Reuters) - Mexican stocks rallied on Wednesday, as shares in the world's No. 3 cement maker Cemex surged in its biggest one-day jump on record on optimism it would refinance its massive debt payments due next year. The benchmark ...
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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