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Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaThe economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...
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McCain's Mortgage Plan Calls for Lowering Rates for Homeowners - BloombergMcCain's Mortgage Plan Calls for Lowering Rates for Homeowners By Sharon L. Lynch Oct. 10 (Bloomberg) -- Republican John McCain 's plan to refinance distressed home loans includes cutting mortgage rates to just above 5 percent for troubled borrowers ...
McCain's Plan Calls for Government to Buy Mortgages (Update4) - BloombergMcCain's Plan Calls for Government to Buy Mortgages (Update4) By Alison Fitzgerald and Sharon L. Lynch Oct. 8 (Bloomberg) -- Republican presidential candidate John McCain is proposing the government divert some money set aside for buying mortgage ...
St. Louis Galleria could be forced to declare bankruptcy - KSDKKSDK -- The owner of one of the biggest shopping malls in St. Louis could be forced to file for bankruptcy. General Growth Properties, which owns the St. Louis Galleria, has filed a statement with the U.S. Securities and Exchange Commission. The ...
Local mall operator says it's at risk for default - Boston GlobeThe mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...
Hillsborough County targets areas for housing rehab plan - St. Petersburg TimesPALM RIVER — Armando Celeiro came here from Cuba with $100 in his pocket. Forty-odd years later he's a furniture manufacturer and real estate investor, proud of his achievements and bullish on his community. Hillsborough County housing officials ...
Why Does College Cost So Much, and Is It Worth It? - FOX News"Thank you for airing a program about real issues, real people, and real problems. Americans want to hear how to solve our everyday problems, not about other countries problems. We all struggle to pay bills and want to know how to afford to send our ...
LETTER: We need to preserve the American family - Fremont TribuneStand up and be counted. This is a very important election to us citizens of the United States. Do we want to continue to celebrate our constitutional freedoms or be slaves to a socialist government? With Barack Obama’s plan, the working class will ...
Summit County resort execs stay upbeat about season - Summit Daily NewsTaking part in the annual Summit County Chamber’s Chief Operating Officer’s Breakfast at Copper Mountain Wednesday included the COO’s from the county’s four ski resorts from left, Alan Henceroth, Arapahoe Basin; Pat Campbell, Keystone; Lucy ...
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