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News about Mortgages:
Black Friday shoppers spend -- with caution - Los Angeles TimesConsumers carted out flat-screen TVs, loaded up on the latest Elmo toys and raced to grab designer shoes Friday as retailers across the country anxiously held their breath. It was the traditional start of the holiday shopping season, complete with ...
Real estate transactions - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Nov. 18 through Nov. 24 Anthony Hawkins to Destiny Guerrero ...
Hanging back for the holidays - Saskatoon Star PhoenixWendy Anderson is every retailer's worst Christmas nightmare. Money and your mental health Retailers shift tactics to woo stressed shoppers Gift-giving priorities shift to the practical Stressed out: Women more likely to feel economic pangs Holiday ...
A little red, a lot of green - Herald TribuneRed and green, especially green, are the colors of the season for the Junior League, which holds its annual Holiday Tour of Homes next weekend with a nod to the sustainability movement. Homes on the tour The Smith Home, 1378 21st St., Sarasota. The ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
Limited partners - Orlando SentinelThe passage of Amendment 2, adding the ban of same-sex marriage to the Florida Constitution, underscores the patchwork of legal documents needed by gay and lesbian couples for some semblance of the rights and protections afforded married couples. Gay ...
Clock ticks for sovereign debt markets - The AgeThe recent rally in government bonds globally may be nearing its eleventh hour after a historic flight to safer assets pushed yields down to their lowest since World War II. But the moment the proverbial clock will strike midnight is the multi ...
Home for the holidays - Steamboat Pilot & TodayA pin that belonged to Kathy Foos’ great-grandmother was one of the few things that survived the fire. Photo by Matt Stensland Kathy Foos stands next to what remains of her old home with her grandson, T.J. Larsson. Photo by Matt Stensland Steamboat ...
Floridians thankful for blessings great and small - Miami HeraldAlonzo Brown, deputy director of Miami's Homeless Assistance Center, with children staying at the center. Brown says the center has served more than 70,500 people since opening. An old soldier now fights homelessness. A Realtor rides out the real ...
Lurching Toward Gomorrah: More Signs of An Unstoppable Economic ... - Boston IMCCrisis denialists are still around but are slowly and grudgingly giving way to the reality that global capitalism is in serious crisis as recession lurches toward depression in a continuing downward spiral. Nearly every new data release confirm it ...
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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