Gardnerville Mortgage Rates and Information Online from competing Lenders

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The Republican Party has spent $150,000 in upmarket designer stores on dressing Sarah Palin for the part of vice-president. During September, more than $75,000 was spent in a single shopping spree at Neiman Marcus in Minneapolis, and another $9,500 ...

Live blog: Crowds gather to hear McCain in Henderson, Palin in Reno - Las Vegas Sun
RENO — Republican nominee Sarah Palin, before a crowd of about 3,500 at the Reno Livestock Events Center, made the final argument for Sen. John McCain. As always, she fired up the supporters, who were self-professed McCain and Palin supporters ...

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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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