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HSBC Is `Evaluating' Its Options on Headquarters Sale (Update1) - BloombergHSBC Is `Evaluating' Its Options on Headquarters Sale (Update1) By Chia-Peck Wong and Simon Packard Oct. 17 (Bloomberg) -- HSBC Holdings Plc, Europe's biggest bank by market value, is in talks with Metrovacesa SA as a deadline approaches next month ...
Boy Developer Ben Shaoul Wants to Live Forever - New York ObserverInstead of finishing community college, Ben Shaoul bought up his first building at age 19. Eleven years later, he controls over 1,000 rental units, is finishing up three new condos, and is about to erect his first hotel. A small real estate family ...
The Post-Election Rant - Cape Cod TodayW hether you supported Obama or not, I hope everyone appreciates the history of what happened Tuesday night. The same people that celebrated in the streets MUST be engaged in the process, whether it is in their towns, state or wherever. Certainly the ...
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