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BSkyB to raise $600 million in bond issue - Buffalo NewsSatellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp., said it will ...
Ecuador auditor says debt irregular, urges default - Buffalo NewsThe official overseeing an audit of Ecuador's foreign debt said his committee has found irregularities tied to almost all of the country's bonds and will recommend that it default on its $10.3 billion in debt. After a yearlong investigation, auditors ...
Chippewa band may mortgage tribal land - Milwaukee Journal SentinelThe Lac du Flambeau tribe is considering mortgaging portions of its reservation to combat a severe cash crunch caused by several multimillion-dollar venture investments - including a bid to launch a casino boat in Natchez, Miss. The cash crisis is so ...
Business briefs - Chippewa HeraldPremium Waters, Inc. is one of the first bottled water companies to receive Safe Quality Food (SQF) Code 2000 Certification, and on Oct. 16, the Chippewa Falls production facility became the first private label water bottler plant in the U.S. to gain ...
A harder time finding home loans - Buffalo NewsIt’s going to be more difficult and expensive to get a mortgage, as consumers in Western New York and nationwide have to jump through added hoops or pay a little more in interest or fees, local bankers and mortgage brokers said. Lenders say ...
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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