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Tax credit is really a 15-year home loan - Courier-JournalWASHINGTON -- Lots of folks have been asking me if the much-touted first-time homebuyer tax credit is worth taking. "I'd like to see you write a follow-up on who should take advantage of this credit," wrote Liz Kiser, who lives in Oklahoma. "Being ...
Tax Credit Really a Loan - Riverside Press EnterpriseLots of folks have been asking me if the much-touted first-time homebuyer tax credit is worth taking. "I'd like to see you write a follow-up on who should take advantage of this credit," wrote Liz Kiser, of Oklahoma. "Being that it's a loan, it ...
RSS Feed: Local News - Tracy PressI’ve had the opportunity to be out and about throughout our town, and I have to say it is heartbreaking to see so many homes in foreclosure or for sale. What is even more disturbing is what some of these homes are doing to other properties in their ...
McKibben: Local Activism is Key to Fighting Climate Change - Common DreamsBRATTLEBORO -- Author and environmentalist Bill McKibben told a group of roughly 100 people Thursday night that activism needs to be acted out on a local level. The Brattleboro activist community that gathered at the School for International Training ...

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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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