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Political Insider - Atlanta Journal ConstitutionGet the latest news, opinions and blogs on politics and the election from across the state on the Georgia Politics page. For those who believe that God changes the weather to shape events, it might have seemed that He was favoring the Democrats when ...
Letters to the Editor: Sept. 3 - State Journal-RegisterIn his recent support for the choice of Sarah Palin as his VP running mate by John McCain, Rep. Ray LaHood said, “She’s running Alaska, a very diverse state,” and she “led on ethics reform.” The facts say otherwise. Palin is presently the ...
Barney Frank - Morning CallI took a hard look at the new federal housing law and I had trouble seeing past all the strings attached to its offers of help for troubled homeowners. Such as: If you use its provisions to refinance your mortgage and then sell your home at a gain ...

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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.
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