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Great Wolf Resorts, Inc. Announces 30-Day Extension of Maturity Date ... - EarthtimesAuthor : Great Wolf Resorts, Inc. MADISON, Wis. , Dec. 3 /PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (Nasdaq: WOLF), North America's leading family of indoor waterpark resorts, today announced that it has negotiated a 30-day extension of the ...
TheStar.com | Ontario | More Ontarians turning to food banks, report ... - Toronto StarToronto suburbs are seeing child poverty increase at an alarming rate, spurred on by population growth that outpaces the social service support needed to accommodate families moving in, according to a report released today by the Children's Aid ...
Two big banks cut mortgage rate - Edmonton SunTORONTO -- Two of Canada's big banks are cutting mortgage rates on a variety of terms, reflecting a drop in borrowing costs in the bond market, where banks finance their mortgage lending. The Royal Bank of Canada said yesterday it is cutting rates ...
ReMax says house prices to drop five per cent by 2009 across Canada - Calgary SunVANCOUVER — Housing prices will fall about five per cent across Canada by the end of 2009 as the slumping economy takes a bite out of consumer confidence, says the ReMax realtor company. The biggest drops are expected to come in major cities in ...
ReMax says house prices to fall - Edmonton SunVANCOUVER — Housing prices will fall about five per cent across Canada by the end of 2009 as the slumping economy takes a bite out of consumer confidence, says the ReMax realtor company. The biggest drops are expected to come in major cities in ...
Whitby courier delivers on $12.6 million LOTTO 6/49 win - CNW Group"I will be paying off my families' mortgages!" TORONTO, Dec. 1 /CNW/ - Ontario's newest millionaire, Michael Currie of Whitby, has been working two jobs for the last 30 years to make ends meet. On Saturday afternoon the full-time courier, part-time ...
Mortgage rates chopped by 2 Canadian banks - CBC NewsTwo Canadian banks did their bit to unclog the country's constricted housing market Wednesday by cutting mortgage rates. The Royal Bank of Canada and the Bank of Montreal both chopped borrowing costs for people seeking to buy a home. RBC cut its ...
CITY OF LOCKPORT: Mortgage company fined over housing violations - Lockport Union-SunA mortgage company that disposed of a dilapidated Harvey Avenue house will pay a fine to satisfy charges it neglected the house while it still held the title. American General Home Equity Inc., 5875 S. Transit Road, agreed last month to plead guilty ...
News advisory: CNW to Carry Canada's Economic Update Reaction - CNW GroupTORONTO, Nov. 27 /CNW/ - The following organizations are expected to comment on Canada's Economic Update: Canadian Association of Accredited Mortgage Professionals Canadian Association of University Teachers Canadian Auto Workers Canadian Council for ...
A house divided hard on wife - Ottawa SunQuestion: For 13 years living together, we've kept our finances separate. My spouse said all his assets will go to his daughter; only his pension will go to me. We live in my mortgage-free house; he pays for half of the overhead. He sold his house ...
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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