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Beware of bad exit polls. - Atlanta Journal ConstitutionThe McCain campaign and those of us who remember the exit polls four years ago that predicted a John Kerry victory are united in saying don’t jump to conclusions early. As with the pre-election polls, the exit polls are used by supporters of Barack ...
Taxing traffic congestion - Atlanta Journal ConstitutionRepublicans are finding a way to tax traffic congestion. The formula is to take a road already built with public money — 14 miles of I-85, starting between Spaghetti Junction to Old Peachtree Road — and levy a tax on one lane. The tax changes ...
Election 2008 - Weekly StandardBill Sammon's sources tell him Steele may announce as soon as Thursday , and is courting the endorsement of Newt Gingrich, which if landed, would do much to scare off the incumbent and possible challengers: The source also contradicted a report in ...
Schools 'crumble as SNP fails to deliver funding system' - ScotsmanANGER is growing at the way Scottish schoolchildren have been left in crumbling buildings caused by the SNP's failure to fund new projects. Pupils at hundreds of schools across the country are having to learn in buildings with little or no heating ...
Nick Robinson's Newslog - bbcWASHINGTON: Labour say he's being irresponsible. The Tories that he's showing the courage to be prudent. Either way George Osborne must have known he was risking huge controversy by warning of a possible "collapse of sterling" whilst the prime ...
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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