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Mortgage Interest Rates Fall - KDKAPITTSBURGH (KDKA) ― Mortgage interest rates are dropping -- and that could make it easier for folks to buy a home, kick-starting the sagging housing industry. For current homeowners, it may be time to re-finance to get a more attractive rate. That ...
Calif. Fire Crews Aided by Easing Winds - San Francisco GateUS working on plan to help homeowners refinance 10.23.08 Family of San Mateo boy killed by runaway roofing truck files suit 10.23.08 5 dead when fishing boat sinks off Alaska; 4 saved 10.23.08 Stevens jury reports chaos; Judge urges calm 10.23.08 ...
Scenes From the Crackup - NationNicholas von Hoffman : A little under $300 billion of the $700 billion bailout has been invested, loaned out or lost. And as long as Henry Paulson's in charge, we won't know where it went. Ready to Refinance?...adjustable rate mortgage...ashamed of ...
An Invitation to Our Readers - BusinessWeekEarlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...
City council quickly OKs budget, park plan funds - Antigo Daily JournalThe Antigo Common Council roared through its agenda Wednesday, quickly wrapping up work on a 2009 budget and a $3.4 million levy and advancing plans for improvements to the city’s newest playground and park. Mayor Sam Hardin presided, assisted by ...
Council to eye park projects and budget - Antigo Daily JournalThe Antigo Common Council may move forward with improvements to the park land surrounding the new community playground when it convenes Wednesday. The regular monthly session, which will also include ratifying the budget that was the focus of a ...
End of easy credit may signal start of new era of frugality - Buffalo NewsAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta, and a salesman urged potential customers to “come on up under the canopy and put your hands on” a new set of wheels. But ...
Firstwatch: What's ahead in the news today - Milwaukee Journal SentinelThere was the thrill of selection, the agony of its top snapping off after it was cut down, the humiliation of it being joked about on cable news. Today the 45-foot Colorado blue spruce will finally get to serve its purpose. Milwaukee County ...
Obama Needs a Protest Movement - Common DreamsThe astonishing election of 2008 is over. Whatever else the future holds, the unchallenged domination of American national government by big business and the political right has been broken. Even more amazing, Americans have elected an African ...
Voices of the Evacuated - Santa Barbara Independentdel.icio.us. Trace Robinson's home at 356 East Mountain Drive was still standing as of this morning, but many Mountain Drive homes burned to the ground. Trace Robinson and her family lived at 356 East Mountain Drive, next to the Tea Gardens, where ...
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