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Burton bowler Bill Clanton has three perfect 300 games this season - Grand Rapids PressGENESEE COUNTY, Michigan -- It was just a matter of breaking through the barrier for Burton's Bill Clanton. For the first 23 years of his bowling career the wall stood firm. Then last season he succeeded, rolling his first 300 game at Richfield Bowl ...
The Year in Review - County PressLAPEER COUNTY -- The following is a brief month-by-month look back at some of the news and events that shaped 2008 in Lapeer County. n Lapeer County Sheriff's deputies Joe Davis and Keith Merser saved an inmate's life. The inmate attempted to hang ...
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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