Custer Mortgage Rates and Information Online from competing Lenders

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Former Okla. sheriff on trial in jail sex case - Buffalo News
Opening statements began Tuesday for the trial of a former sheriff accused of using his influence over jail inmates and drug court defendants to demand sex from the women. Former Custer County Sheriff Mike Burgess has pleaded not guilty to 36 charges ...

4th bank forecloses on Rapid City businessman - Grand Forks Herald
RAPID CITY, S.D. A fourth bank has started foreclosure proceedings against a Rapid City businessman, bringing the total claims against him to nearly $18 million. In court documents, BankWest said Doug Hamilton and numerous corporations and ...

The HUB closing in on $500,000 in total donations - Challis Messenger
The HUB has donated $33,040 back to the community for 2008, bringing the grand total to $496,640 since this thrift store began operations back in 1976-77. If the trend continues, the charitable organization will surpass the half-million dollar mark ...

Risch, Minnick sworn in to 111th Congress - Idaho Statesman
Democratic Rep. Walt Minnick, above with Deputy Chief of Staff Kate Haas and Legislative Director Rob Ellsworth, decided against signaling his independence from Democratic House leaders as Congress convened. Jay Premack/MCT Tuesday was a day of pomp ...

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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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