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News about Mortgages:
Hernando business notes - St. Petersburg TimesStory Tools The Hernando Builders Association has joined Fix Housing First, a coalition formed to push for a housing recovery plan that will revive the economy. Fix Housing First, which consists of more than 600 organizations, home building companies ...
Housing and Urban Planning - Chicago TribuneQI am on the board of a small self-managed condo association formed five years ago as the result of a conversion. The developer drafted and recorded the declaration and bylaws. In the years since, control of the board has been turned over to the ...
Real Estate Transactions - Charleston Post & CourierThe transactions listed below include properties sold for $200,000 or more and recorded Nov. 10-14. McAlister Togant Kiawah LLC sold 6005 Green Dolphin Way, The Maritime at Kiawah to Robert A. and Bette T. Kennedy for $2.4 million. Mount Pleasant ...
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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