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Daily Dose: Equity alternative - Topeka Capitol-JournalRoger Stirrett uses a home equity line of credit to improve his house and full-service hair salon in Topeka. "It's a very good tool," said Stirrett, owner of the Hair Port, 1015 N.W. Topeka Blvd. "I've paid it off two or three times. I have a $2,000 ...
Chemed Corporation Showing Strong Growth - Seekingalpha.comChemed Corp. ( CHE ) is growing through its hospice care services and acquiring franchises across the country. The company is also repurchasing its stock and just reported solid quarterly earnings. Chemed Corporation is the nation's largest provider ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Charges of socialism have been thrown around pretty promiscuously in this election, mainly against Democratic presidential hopeful Barack Obama ...
Capitol Federal earnings head higher - Kansas City StarCapitol Federal Financial earned $15.76 million in its fiscal fourth quarter that ended Sept. 30, the Topeka-based mortgage lender said Wednesday. The announcement said the parent company for Capitol Federal Savings Bank earned $51 million, or 70 ...
Verizon, Kroger Lead $5.15 Billion of Bond Offerings (Update1) - BloombergNov. 18 (Bloomberg) -- Verizon Wireless , the second-biggest U.S. mobile phone service, and supermarket chain Kroger Co. led the busiest day of bond offerings in two weeks as investors took advantage of higher yields on corporate debt. Six companies ...
Daily Dose: Looking forward - Topeka Capitol-JournalHot topic: A charter ordinance that would abolish the five-person board appointed by the fire chief that makes recommendations to the chief regarding management promotions. File Photograph / Topeka Capital-Journal On Tuesday, the city council will ...
Kansas, 11 others reach agreement with lender - Topeka Capitol-JournalMortgage lender Countrywide Financial Corporation has agreed to provide approximately $8 billion in home loan and foreclosure relief to as many as 397,000 homeowners across the country, including more than 1,000 in Kansas, Attorney General Steve Six ...
Johnson County tax bill offer doses of good news and bad - Kansas City StarSober new numbers are bringing a good news-bad news message to Johnson County homeowners. If you’re an optimist, take comfort in the fact that your property-tax bill, on average, will go up only half as much as last year. More homeowners than last ...
Credit crunch squeezes housing finance agencies - BusinessWeekThe financial meltdown has come down hard on the nation's housing finance agencies, which provide tens of thousands of mortgages to first-time poor and moderate-income home buyers. West Virginia has stopped going to market with bond sales, as has ...
Capitol Federal Financial’s yearly profit rises - Kansas City Business JournalCapitol Federal Financial reported a 58 percent increase in fiscal 2008 earnings compared with the prior year. For the fiscal year that ended Sept. 30, the Topeka-based company (Nasdaq: CFFN) reported earnings of $51 million, or 70 cents a share, up ...
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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