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Home calendar - Detroit Free PressReal Estate Investors Association of Oakland County: Learn about the art of house-foreclosure short sales by Steve Dillon at 5:30 p.m. Dec. 11 at MSU Management Education Center, 811 W. Square Lake in Troy. $20 for nonmembers; free for members. 800 ...
'A horrible law' - Plymouth BulletinState law Chapter 40B legislation was supposed to be designed to help low- to moderate-income families afford housing. But town officials say the legislation, backed by a powerful lobby of developers, is not affordable to a staggering number of ...
Shelter volunteers still hopeful - TriVallyCentralPLYMOUTH - The day after more than a dozen cats and nine dogs were rescued from a burning shelter, Animal Rescue Foundation president Kathy Johnson spent most of the day speaking, in hopeful terms, about the fate of the organization. Sunday's ...
Careers calendar - Pioneer PressJobs in Transition: Monday Morning Coffee Break. Unemployment extension: What it means to you. 10-11:30 a.m. Monday at Quality Career Services, 2515 Wabash Ave., St. Paul. Free. 651-647-9322. qualitycareerservices.org Networking Job Club. 1:30-3:30 p ...
11th annual Lend a Hand drive kicks off - Patriot LedgerThis time last year, Quincy Community Action Program director Beth Ann Strollo and her counterparts at other South Shore social service agencies were hearing a lot about adjustable-rate mortgages. They’re hearing about troubled mortgages this ...
As house prices fall, sales in Mass. rise - Boston GlobeFalling home prices are drawing out bargain hunters. New housing data show a healthy pickup in the number of single-family homes sold in recent weeks, while prices continue to drop. Home sales were up 14 percent in October, over the same period in ...
Public Notices - Columbia StarNOTICE OF APPLICATION Notice is hereby given that Shanon Davis dba Big Country's Bar-b-que & Convenience intends to apply to the South Carolina Department of Revenue for a license/permit that will allow the sale ON/OFF premises consumption of Beer ...
Friday Outlook: An Enigmatic Bounce - Seekingalpha.comThe performance of the U.S. markets over the last week has been an enigma. But I feel that when it opens fully for business come Monday (after the extended holiday), it will indeed feel like the Pilgrims upon landing at Plymouth - grateful that they ...
Mayflower Bancorp Reports Second Quarter Results and Payment of ... - EarthtimesAuthor : Mayflower Bancorp, Inc. MIDDLEBORO, Mass , Dec. 4 /PRNewswire-FirstCall/ -- Mayflower Bancorp, Inc. (Nasdaq: MFLR) today reported a net loss of $907,000 or $.44 per share for its second quarter ended October 31, 2008 as compared to earnings ...
Emergency Assistance Fund helps local nonprofits - Georgetown RecordThe Eos Foundation of Boston and Harwich Port, the Highland Street Foundation of Boston, the Fireman Foundation of Boston and an additional foundation donating anonymously have created a $1.1 million Emergency Assistance Fund. These funds will be ...
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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