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Economic woes force difficult decisions about day care - Pittsburgh Tribune ReviewWhen Denise Mahone worked as an adjunct art professor at Duquesne University earlier this year, she loved what she did, for the sake of the art, but not the modest salary. So when Mahone gave birth to a second child this fall, she and her husband ...
Never Sell America Short - CNBCWe can fix this. If nothing else, that’s the message I hope readers take away from this column. Of course, the “this” is the run on the world banking system. Stock markets have plunged globally, gold prices have shot up, and U.S. Treasury-bill ...
Empty homes show lives torn apart - Pittsburgh Tribune ReviewThe family photos can get to Bob Watkins. "It's kind of sad. People's lives just sort of go away," said the Jeannette man who cleans out homes after their owners lose them to foreclosure. Long after the neighbors have forgotten who lived there, the ...
KUDLOW: Never sell U.S. short - The Washington TimesWe can fix this. If nothing else, that's the message I hope readers take away from this column. Of course, the "this" is the run on the world banking system. Stock markets have plunged globally, gold prices have shot up, and U.S. Treasury-bill rates ...
Mon Valley: What people are saying about the Bush legacy - Pittsburgh Post-GazetteThe transition to a new president of these United States is about to start. As we go out with the old, in with the new, we asked some residents in neighborhoods in the Mon Valley how they think history will remember George W. Bush. What is his ...
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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