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Don't miss the refinance window - HometownAnnapolis.comCHICAGO - Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. "With interest rates hovering around 5 ...
The rush to refinance - Boston GlobeThe mortgage interest rates have gone down again. Does that mean that refinancing is the best thing you can do? It’s a dirty little secret that most of the homeowners who are under water got there through refinancing, not by borrowing for their ...
As mortgage rates slide, applications to refinance have gone through ... - Dallas Morning NewsHomeowners are taking advantage of the drop in mortgage rates, lenders say, with refinancing applications rising 500 percent since October. But applications for new home loans have not followed suit, as buyers remain wary about the economy or wait to ...
Question & Answer on mortgage refinancing - Boston HeraldW ith mortgage rates at historic lows, lots of homeowners are debating whether to refinance their mortgages these days. True, refinancing can get you out of an adjustable-rate mortgage or replace your current fixed-rate loan with a lower-interest one ...
That refi is exactly what I need! - Boston GlobeThe New York Times ran a series called “The Debt Trap.” In it, Brad Stone explained something that will affect those that are considering refinancing. Do those offers to refinance or to take another credit card sound like they know just what you ...
Don't miss the refi window - Bellingham HeraldCHICAGO - Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. "With interest rates hovering around 5 ...
Refinancing for less - CNN Money(Money Magazine) -- Question: I'm refinancing my mortgage, and my lender tells me that I need to get a new title insurance policy, which will cost more than a thousand dollars. We haven't made any changes to our home, and there aren't any outstanding ...
In Pueblo, too little home equity a problem - Pueblo ChieftainLower interest rates help but many Puebloans are still unable to refinance their mortgages. The problem is they lack enough equity in their homes, local mortgage brokers say. A turn-around in declining home values would help, they say. Gina Heath ...
A New Gold Stock Environment - Seekingalpha.comLooking back over the last year, a lot has happened in the gold stock arena. In fact, in just over a year the environment in which we trade these stocks has radically changed. While some of the environmental forces have occurred from the inside out ...
Horror-scope: Hopes and fears for the new year - Long Island Business NewsThe local economy is a four-car pile-up at the side of the Expressway, with flashing lights and sirens closing from a distance. Everyone is slowing to a crawl to stare at the smoking, twisted-metal catastrophe. Every statistic, from business failures ...
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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