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Refinancing available to vets with subprime loans - HamptonRoads.comVeterans with conventional home loans now have new options for refinancing to a loan guaranteed by the Department of Veterans Affairs, according to a news release. These new options are available as a result of the Veterans’ Benefits Improvement ...
McCain: ‘They forgot to let you decide’ - News-VirginianVIRGINIA BEACH — Sen. John McCain exhorted a crowd of about 16,000 supporters Monday to fight with him to erase a deficit in the national polls three weeks before the presidential election. “Let me give you the state of the race today and some ...
'They forgot to let you decide' - Inrich.comSen. John McCain exhorted a crowd of about 16,000 supporters yesterday to fight with him to erase a deficit in the national polls three weeks before the presidential election. "Let me give you the state of the race today and some straight talk ...
ROTHBURY's future left hanging - MLive.comChronicle file photo/Marge Beaver Last July's ROTHBURY festival, the first-year event that drew 40,000 people for four days, faces a deadline next week if there is to be a second festival. Festival organizers have set a deadline for next week to come ...
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