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Every Who in Whoville needs a gov't bailout - Oak RidgerEvery Who down in Whoville likes Christmas a lot, but the budgets to pay for the trappings are shot. And, no, we're not going to write this entire piece in verse; we don't have the in-house talent to sustain it and our freelance budget is hurting ...
2009 should be busy year for Congress members, too - Oak RidgerWhile the election of Barack Obama as president provided the show of shows this year, congressional races have provided high drama, as well. It is understandable, perhaps, that the electorate was not as enthused over the makeup of the House and ...
A family becomes collateral damage from the Sylmar wildfire - Los Angeles TimesIn one bedroom, there is still a stack of hand-written flashcards on the windowsill, where one of the twins left them: Anomalous. Antipathy. Assuage . On the floor, there is a little box of nail polish -- lime green, another called "berry framboise ...
Free Thanksgiving feasts feed thousands - Los Angeles TimesThousands of people -- needy families, single mothers with children, the recently unemployed -- converged on free Thanksgiving Day meals throughout Southern California on Thursday to feast and forget their troubles, at least while the food lasted ...
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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