Dallas Mortgage Refinance and Information Online from competing Lenders

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Dallas Cowboys refinance $435 million of stadium bond debt - Dallas Morning News
ARLINGTON – The Dallas Cowboys have refinanced about $435 million worth of debt for their new $1.1 billion stadium despite the troubled bond market, team owner Jerry Jones said Thursday. The old debt had a variable rate, which has been a problem as ...

Financial industry pushes for lower mortgage rates - Dallas Morning News
WASHINGTON – Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage ...

Arlington refinances much of its debt for Cowboys stadium - Fort Worth Star-Telegram
ARLINGTON — The city has finally been able to refinance a significant portion of its wildly fluctuating variable-rate bonds for the Dallas Cowboys stadium project. Arlington had been looking to convert $164 million in bonds since July after ...

Dallas-Fort Worth cities cautious about '09 budgets - Denton Record-Chronicle
ARLINGTON – The ink was barely dry on the new budget when the Arlington City Council decided this month to chop $1 million from its spending plan. Concerns about the troubled economy convinced the council that cuts were needed less than two months ...

Arlington refinances $104M in Dallas Cowboys stadium bond debt - Denton Record-Chronicle
ARLINGTON – The city has refinanced a portion of its Dallas Cowboys stadium bond debt that it’s been trying to convert to a fixed rate since July. Deputy city manager Trey Yelverton told the council at a Tuesday afternoon work session that nearly ...

Arlington refinances $104 million of Dallas Cowboys stadium bond debt - QuickDFW.com
ARLINGTON – The city has refinanced a portion of its Dallas Cowboys stadium bond debt that it's been trying to convert to a fixed rate since July. Deputy City Manager Trey Yelverton told the City Council at a work session Tuesday afternoon that ...

How fat cats got that way ... - Dallas Morning Views Blog
Re: "Fat cats not the issue -- Do executives really make too much, or are we just looking for an enemy? asks Thomas Sowell," Saturday Viewpoints. Mr. Sowell's defense of the exorbitant salaries of business executives glosses over several points. It's ...

Shoppers have reasons to act like grinches - Cleveland Plain Dealer
WASHINGTON -- Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down ...

Mall owner General Growth is working to avoid bankruptcy - Fort Worth Star-Telegram
Texas Tech: Red Raiders still dealing with fallout from loss to Oklahoma Human element is a bug in BCS system Britney Spears 'Circus’ act sends her comeback off course Hundreds expected at Arlington City Hall to support special street sign toppers ...

Pilgrim's receives third extension of temporary credit - Mount Pleasant Daily Tribune
NEW YORK - Pilgrim's Pride Corp. said Wednesday it reached an agreement with its lenders to extend its credit lines until Monday. The Thanksgiving reprieve allows the company to avoid filing for bankruptcy or selling its assets in order to cover its ...

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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