Brady Mortgage Rates and Information Online from competing Lenders

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Lenders criticize gov't mortgage aid program - Associated Press
ATLANTA (AP) -- Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure. "This program is ...

Community Club burns the mortgage on Billard property - Florida Times-Union
Members of the Mandarin Community Club were thrilled to have Susie Scott, club president, "burn the mortgage" for their Billard property on Nov. 8. The club purchased the property on which the Frederick Billard home once sat in July 1997. When the ...

Calendar: Metro Detroit home events this week - Detroit Free Press
Learn about selling your home even if you owe more than the market value, 7-8 p.m. Tuesdays at RE/Max Suburban, 43599 Schoenherr Road, Ste. 100, Sterling Heights. Free. Call 586-262-5163. 6-7 p.m. Thursdays at Remerica Hometown One, 50429 ...

More about our local volunteers - Lompoc Record
In my last article I introduced you to the many people who are leading and participating in our Lompoc Valley in Bloom projects. I thought this week I should introduce you to the people who are involved in directing our organization and the many ...

A Wild And Crazy '30 Rock' Night - Defamer.com
It's another big-time star on 30 Rock this week. No, we're not only talking about Jack McBrayer, but also Kennedy Center honoree/banjo enthusiast/author/ Marcia Brady rejecter Steve Martin. With NBC's guest-star wattage reaching capacity , it's no ...

Car fire on 94 at 121st - Milwaukee Journal Sentinel
Nov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...

The word on the Street, with Peter Costa, Eckhart & Co. and Peter ... - CNBC
Opportunities in financials, with Brad Hintz, former Lehman Brothers CFO; Robert Albertson, Sandler O'Neill and John Kanas, WL Ross & Co. Wall St. Crisis Task Force Discussing the financial crisis, with John Brady, MF Global; Lou Brien, DRW Trading ...

Many cutting utility bills - Rutland Herald
ORLANDO, Fla. — Armando Triana, 27, loves his gadgets. He's got an iPhone, an iMac, high-speed Internet and satellite TV service with a digital video recorder. But he's also got a mortgage and a newborn and has to deal with high gas prices and the ...

Consumers cut expenses for phone, TV, Internet - Miami Herald
Armando Triana, 27, loves his gadgets. He's got an iPhone, an iMac, high-speed Internet and satellite TV service with a digital video recorder. But he's also got a mortgage and a newborn and has to deal with high gas prices and the economic crisis ...

Stocks inch upward - Biz Times
The stock market surged with modest gains today, as a debate about how to allocate the remainder of the funds for the Troubled Assets Relief Plan (TARP) heated up in Washington, D.C. Federal Deposit Insurance Corp. Chairwoman Sheila Bair and Treasury ...

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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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