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News about Mortgages:
Hillsborough County - Chicago TribuneWhen her identical twins started kindergarten, Becky Ritchie was inclined to put the girls in separate classrooms. One girl was the dominant twin, and Ritchie thought the quieter one would blossom without her sister always at her side. Still ...
Hedging Their Debts - US News and World ReportSan Francisco start-up Pay By Touch didn't take venture-capital money when it sought $130 million in new financing for its biometric fingerprint-reading system. The battered baker Krispy Kreme Doughnuts shunned banks when it wanted to refinance its ...
Letters to the editor for Sunday, Oct. 5 - Minneapolis Star TribuneIn the last month of the election when the Republicans are falling farther and farther behind they are once gain bringing out their slime … read more machine. They are once again turning super negative. They will find anything to ignore the issues ...

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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 |