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News about Mortgages:
Roof caves in on new housing - Maine Sunday TelegramFewer new homes will be built in southern Maine this year than any time since at least 1991, figures show. From January through Nov. 15, builders took out 841 permits in the 38 communities tracked by Construction Data New England. That's roughly a ...
Realtor says Sioux City housing market 'strong and study' - Sioux City JournalSIOUX CITY -- When Dawn Gorham started house hunting in the Sioux City area, she liked what she found. "There were plenty of houses available. I felt you could find something that was reasonably priced in any category, depending on what you wanted to ...
As foreclosures rise, Paterson hires counselor - Herald NewsPATERSON — Faced with a 49 percent increase in foreclosures and the second-highest number of foreclosures in the state, the city's Housing Authority has hired a full-time employee to work on preventing more city residents from losing their homes ...
Compelling course at gym - Boston GlobeBret Bondlow is hoping a course he is offering at his Hanover business, Compelling Fitness, will offer new help to autistic children and adults, and anyone with special needs. The business opened last December, and shortly thereafter, Bondlow, a ...
Who is filing foreclosure in Pasco? Guess again - St. Petersburg TimesNov. 4, 2008, was historic. Newspapers called it "a new era" and "a new dawn" and even "a national catharsis." It was hailed as a racially and politically transformative day around the country, and the world, from Boston to London to Kenya to ...
Citigroup collapse would reach far - St. Petersburg TimesLike many in the bay area, Bob DiLonardo has ties to Citigroup. It's hard not to considering the behemoth's tentacles run deep and wide — credit cards, mortgages, brokerage services, corporate lending, wealth management through Smith Barney. But ...
Water service interruption averted for Slater apartment dwellers - Marshall Democrat-NewsThe city of Slater found itself caught recently between a group of disgruntled apartment building tenants and an elusive new owner of the building after the previous owner requested the utilities be taken out of his name. Residents of Slater's ...
Local Announcements - Inside NovaPrince William Adult Baseball is looking for recreational adult baseball players with high school varsity, college, or professional experience living in or near Prince William County. If you are interested in playing recreational baseball at a high ...
Glenbrook owner warns of bankruptcy - Evening StarThe Glenbrook Square Mall property was assessed by Allen County at $185 million. The mall’s owner, General Growth Properties, is fighting the assessment. Shoppers continue to pack the parking lots and crowd the corridors of Fort Wayne’s Glenbrook ...
An Unnecessary Ending - Bangor Daily NewsThe McCain campaign’s descent into nastiness has elicited strong rebukes from the state’s top Republicans. This, unfortunately, has not stopped fliers portraying Barack Obama as a friend of terrorists and lacking judgment from showing up in Maine ...
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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