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Thrower shaped youth sports scene in Bellevue - Papillion TimesOne of the central figures on Bellevue's youth sports scene has died at the age of 85. Al Thrower, who helped build the Bellevue Junior Sports Association into one of the pre-eminent youth sports organizations in the metro area, died Thursday. "The ...
New FEMA map would put hundreds of Waverly homes in floodplain - Papillion TimesWAVERLY - A Federal Emergency Management Agency (FEMA) five-year map modernization program is having a greater impact on the City of Waverly than anticipated. The map modernizations means changes to floodplain boundaries throughout Lancaster County ...
Reverse mortgage limits double - Papillion TimesOlder homeowners strapped for cash could get more help through changes implemented this week in a federal reverse mortgage program. Home values of up to $417,000 will be used nationwide as a basis for establishing the size of loans available from ...
Ashland grain elevator sold at auction - Papillion TimesSILENT AUCTION – Auctioneer Gene Sisco of Syracuse (left) asks for bids for Ashland Grain and Feed as owner Gordon Ganz looks on. Bidding was light as the grain elevator was sold at auction on Monday morning. ASHLAND - There were a lot of onlookers ...
Heinert still faces money woes, according to records - Gretna BreezeA Papillion city councilman who is running for re-election said he has taken care of financial problems that stemmed from two businesses he owned and closed, but records indicate he still is working through personal financial problems and those of ...
YouCast - Submit Pics and Video - WOWTTwo metro companies announced Wednesday the layoffs of more than 400 employees. The ADT Security Services call center in Papillion is being closed, putting 380 employees out of work. The Omaha World-Herald cut 51 people from its staff, blaming the ...
Omaha's electoral vote still undetermined - Lincoln Journal StarIt ain’t over when it’s over. One of Nebraska’s five presidential electoral votes remained undetermined Wednesday pending post-election counting of absentee and provisional votes. John McCain led Barack Obama by 569 votes in metropolitan Omaha ...
The Weather Authority - WOWTThe Oriental Trading Company, Cabela's Incorporated and PayPal have announced job cuts. While those and other local corporations are looking to trim budgets in a sluggish economy, others are booming. PayFlex Systems USA, Inc., a leading administrator ...
How will the Chancellor repay debt? - bbcThe Chancellor has said that he needs the flexibility in the looming recession to spend and borrow more than would be possible if he adhered to the fiscal rules. These are the strictures on how much the Government can borrow that were introduced in ...
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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