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News about Mortgages:
Mortgage Roulette - US News and World ReportChris Melvin figured it was time to move up. Sharing a cramped 800-square-foot house near Denver with his fiancee, Krissy Urick, a year ago he went shopping for bigger digs and soon found a four-bedroom home in Longmont, Colo. "It's just an average ...
US needs to stand up to hedge funds - The AustralianONE of the problems that occur when a bankrupt ideology trumps sensible governance is that sensible governance doesn't always follow once the bankrupt ideology is exposed. This is now a clear danger for Wall Street as the unfolding financial crisis ...
Body found in Milwaukee River is identified - Milwaukee Journal SentinelNov. 11, 2008 11:20 p.m. | West Bend - A World War II veteran who survived the bombing of Pearl Harbor collapsed during a Veterans Day ceremony in Washington County and was pronounced dead Tuesday. John Weinberger, 85, collapsed Tuesday morning as he ...
Obama outspends McCain, GOP 3-2 down the stretch - Milwaukee Journal SentinelIn one key respect, the report underscored just how tilted the playing field is toward Obama in the homestretch. The ad wars are being fought overwhelmingly in states won by the Republicans four years ago. Three out of every four dollars spent on TV ...
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