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News about Mortgages:
Auctions: Documents from Phila.'s past - Philadelphia InquirerTwo single-owner collections of ephemera, one of them Jay T. Snider's relating to the history of Philadelphia, will be offered at special-event sales in mid-month. They will add to a November auction calendar that is already bulging with biddables ...
PhillyDeals: PhillyDeals: Web wagerers put their money on Obama - Philadelphia InquirerLast time the nation voted, traders who placed bets on George W. Bush and John Kerry at intrade.com favored Bush for most of the campaign - until Election Day, when so many switched their last-minute positions in response to shaky Internet exit-poll ...
Alistair Darling turns to Keynes as he looks to spend his way out of ... - Daily TelegraphThe Chancellor, it quickly emerges, is also a lover of John Maynard Keynes – but in a strictly economic and political context. He describes the godfather of state intervention as "the greatest economist of the last century" and is quick to agree ...
Will I ever get my £300,000 back? - Times OnlineTHOUSANDS of wealthy British investors who fear they will lose their life savings in failed Icelandic banks may be given a glimmer of hope, although it is still by no means certain they will get anything back. Between them they had invested at least ...
'The Bag Lady War' - Ashland Daily TidingsReaders looking for a chuckle amid these uncertain economic times should seek out Carol SeCoy's "The Bag Lady War." At the zany intersection of vigilante justice and retirement planning, the novel provides an irreverent look at American justice from ...
Berry: Passing the pride test - MetroWest Daily NewsMore proud or less proud than on election day? More proud or less proud than the day before election day? How does the mean average of your daily proudness compare to four years ago? Eight? Is this the first time you've ever been proud, or have ...
Berry: Political economic blather - MetroWest Daily NewsIf I hear one more politician use the phrases "Wall Street" and "Main Street" in the same sentence, I'm going to start slapping people. And since the offending politicians, be they red or be they blue, aren't usually within arm's reach, my innocent ...
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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