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East Lansing condos that don't sell may be up for rent - Lansing State JournalA sluggish housing market has the developers of two area urban condominium projects ready to rent out units that aren't selling. For the developers, renting the units at Albert Place Condominiums in East Lansing and the Stadium District building in ...
Detroit rail line moves forward - Detroit NewsLANSING -- Key components of a plan to build a light rail line along Woodward Avenue in Detroit were approved without opposition by the state Senate on Thursday, and lawmakers said they plan to complete the multibill package when they resume session ...
Miami activist moves people into foreclosed houses - Lansing State JournalMIAMI - Max Rameau delivers his sales pitch like a pro. "All tile floor!" he says during a recent showing. "And the living room, wow! It has great blinds." But in nearly every other respect, he is unlike any real estate agent you've ever met. He is ...
Holt family featured on 'Extreme Makeover: Home Edition,' gets new ... - MLive.comCourtesy Photo No peeking: Arlene Nickless stands outside her new home -- you'll have to watch "Extreme Makeover: Home Edition" to see the house -- with her sons, from left, Andrew, 8; Noah, 9; and Aaron, 12. HOLT -- Life has been overwhelming for ...
Michigan tries to slow foreclosures - Detroit NewsLANSING -- Scrambling to do something about Michigan's rampant home foreclosure problem before the holidays, Gov. Jennifer Granholm and lawmakers are working on a flurry of bills to ease the squeeze on cash-strapped homeowners. Various measures would ...
Hundreds join family to see Extreme Makeover home on TV - WZZM 13EAST LANSING - Shortly after Arlene Nickless and her three sons moved into their new house, her 8-year-old son Andrew asked if "Extreme Makeover: Home Edition" could rebuild their old home. Nickless, whose husband, Tim, died in January, said that ...
Efforts under way to bring help to foreclosure victims - Oakland PressLANSING — With home foreclosures at an all-time high, and experts saying Michigan is in the worst economic crisis since the Great Depression, some people are taking action to help others get through the tough times. For example, Genesee County ...
Michigan Senate waiting on governor's budget plan - Ann Arbor NewsLANSING, Mich. (AP) — The Michigan Legislature's top Republican said Thursday his chamber won't vote on other issues until Democratic Gov. Jennifer Granholm submits an executive order to start dealing with a brewing state budget problem. Senate ...
Local housing sales take dip - Newton KansanThis story first appeared in the Nov. 22 edition of the Kansan. It’s hard to flip open a newspaper or visit an on-line news Web site without hearing something related to the housing market and mortgage issues — and most of the news doesn’t seem ...
Nov 30 - Dec 06 (155) - Andrewsullivan.theatlantic.comPlumer on the logistical problems of plug-in hybrids: ...plug-in hybrids and electric cars still look like the cleanest, surest way to end our dependence on oil, though lest anyone think that's entirely cost-free from a sustainability standpoint, the ...
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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