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SEEN AT THE SCENE : - Long Beach Press-Telegram"It was our most successful fundraiser in recent years," said the enthusiastic executive director of the WomenShelter of Long Beach (WSLB), TuLynn Smylie. The Fourth Annual Wine Tasting Fundraiser, held Oct. 4, raised $33,000. Host Duane Rose, owner ...
Surviving the property turmoil - BBC NewsAs the turmoil in Britain's housing market continues everyone's feeling the pressure - from first-time buyers struggling to get on the property ladder to builders desperate to sell new homes. One area thought to be bucking the trend was Britain's ...
Stick with breakfast at Le P'tit Paris bistro - Miami HeraldAfter a long drought of decent French bistro food, it's cheering to know that you could stand at the busy corner of Main Highway and Commodore Plaza in Coconut Grove, throw a crouton in any direction and have it land in a hot bowl of onion soup au ...
Chairman of the Congressional Urban Caucus Supports Mayors in Pursuit ... - Marketwatch"No one is immune to the impact of today's economic crisis," Fattah said. "Mortgage foreclosures, record unemployment rates coupled with the credit crunch have made it increasingly difficult for cities to meet their financial commitments ...
Desoto County Leads the State in Home Foreclosures - Eyewitness NewsOlive Branch, MS- Eyewitness news uncovers skyrocketing home foreclosures in Desoto County, Mississippi. That area leads the state with the most foreclosed homes right now. The cities of Southaven, Olive Branch and Horn Lake top the list. "2006 was a ...
West Volusia School News — Makeup days, grandparents days and field ... - DeLand-Deltona BeaconPHOTO COURTESY SOUTHWESTERN MIDDLE SCHOOL Congratulations — Southwestern Middle School student Daniel Leslie is the winner of the essay contest "My Favorite Teacher/Mentor." Daniel's essay was a tribute to Shirley Wilson, his favorite teacher ...
Home values plunge again in Stanislaus County, Calif. - TMCnetHome sales prices took another tumble in October, as the three-year slide in home values continued. Stanislaus County homes sold for a median $161,500 last month, which was $17,500 below September. Home prices have dropped a staggering 59.2 percent ...
Home values plunge again - Modesto BeeMore on housing crisis Home sales prices took another tumble in October, as the three-year slide in home values continued. Stanislaus County homes sold for a median $161,500 last month, which was $17,500 below September. Home prices have dropped a ...
People in Action - Daily TerritorialBreckenridge Group added five people to its staff. Jose Gastellum, drafter, re-joined the firm’s Department of Defense Studio. Previously, Jose worked for Grenier Engineering as a civil designer. Prior to working for Grenier, Jose worked for ...
Agencies see rise in demand - Journal & Sunday JournalCHARLES TOWN - The number of residents visiting area food banks in search of assistance has increased dramatically in recent months, officials say. "It's really bad. They're lined up here every day," said Bill Willingham, the executive director of ...
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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