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News about Mortgages:
Elgin expert warns homeowners of mortgage relief scams - Courier NewsELGIN -- With the national home delinquency rate setting a new record in the second quarter of this year and foreclosures tripling since the housing boom ended in 2005, small wonder that financially strapped homeowners are desperate for financial ...
The economy: Main Street seeks answers - Courier NewsTraveling through the Elgin area, signs of the slowing economy are everywhere. Restaurants are less busy, and the owners, like Twid Wagner at the Chick 'n Dip in Hampshire, will tell you how higher food prices are cutting into their margins. The ...
County board seeks $2.57M in federal funds - Kane County ChronicleGENEVA – The Kane County Board will ask for $2.57 million in federal dollars to help stabilize the local housing market. Board members on Monday approved a request for funds to create a Neighborhood Stabilization Program, much like officials in the ...
Dave Smith - Chicago TribuneThe Phillies hope to make good memories this year. Here's a look at other playoff highs -- and lows -- in club history before 2008: 10. OCT. 4, 1950 Shibe Park WORLD SERIES GAME 1 N.Y. Yankees 1, Phillies 0 With Robin Roberts having pitched 10 ...
First National Bank Selects LSI as Lending Partner - Market WireELGIN, IL--(Marketwire - October 15, 2008) - Lending Solutions, Inc. (LSI), a provider of contact center services and consulting programs for financial institutions across North America, announced that First National Bank (Orrville, OH) has chosen ...
Housing slump deepens as prices drop most in 26 years - Globe and MailSilver Standard (America is a welfare queen superpower) from Canada writes: Well guys in a few years I will finally be able to afford a house. I remember earlier this year I was insulted on this forum for saying such a thing. Prices are going to fall ...
Police Blotter - Courier NewsElgin • Residential burglary: A laptop computer, cell phone and a man's platinum necklace were reported stolen Tuesday evening from a home in the 500 block of Hawkins Street, police said. • Residential burglary: Various electronic items and ...
Macrae & Dick in top gear as turnover leaps - Scotsman.comNEW car sales at Macrae & Dick raced ahead last year, helping the Inverness-based chain of car dealerships to record an 11.7 per cent rise in turnover. In new accounts filed with Companies House, Macrae & Dick reported that turnover grew to £134 ...
Lake Barrington man led massive swindle, feds say - Arlington Heights Daily HeraldFederal authorities Wednesday took over the case against a Lake Barrington Shores man accused of scamming the elderly and the unsuspecting out of their homes and property. In the process, the feds added numerous accusations against Charles H. Landwer ...
6 Tips for Getting Small Business Loans Now - Nuwireinvestor.comWith the economy in the tank and credit tighter than most living folks can remember, entrepreneurs are puzzling about where to find the capital to start or expand their small businesses. Businesses throughout the United States continue to find ...
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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