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Home Buyers, Sellers Worried By Credit Crunch - WNEP-TV 16
The possibility that mortgages might be more difficult to get worries one couple from Pittston who wants to buy a home. Marie and Joe Limongelli of Pittston are newlyweds, looking to buy their first house. They toured a nearly $90,000 property on ...

COURT NOTES - Scranton Times
■ Robert Flickinger, Moosic, and Donald and Carolyn Flickinger, West Pittston, to Anthony B. and Barbara Jean Allen, Moosic, a property at 504 School St., Moosic, for $115,000. ■ Joyce and Ralph J. Lomma, Scranton, to Gary W. and Jason W. Evans ...

Kanjorski, Barletta square off in only debate - Pocono Record
PITTSTON (AP) — Republican congressional candidate Lou Barletta repeatedly attacked embattled Democratic Rep. Paul Kanjorski over the $700 billion financial bailout and the incumbent's earmarks Wednesday night, hoping to use their only debate to ...

FINANCIAL FEARS HIT HOME - Citizen's Voice
White icicle lights ring the porch and red Christmas bows accent the pale cream siding on the front of the slim, two-story home. Inside, stockings line the banister like three festive footprints leading up to the second floor. Walter Stevens and his ...

Barletta-Kanjorski debate centers on Wall Street bailout - Pocono Record
PITTSTON — Republican congressional candidate Lou Barletta repeatedly attacked embattled Democratic Rep. Paul Kanjorski over the $700 billion financial bailout and the incumbent's earmarks Wednesday night, hoping to use their only debate to build ...

Bank deposit shares shift - Scranton Times
PNC Bank continued its long-standing lead as Northeast Pennsylvania’s largest holder of banks deposits. The Pittsburgh-based bank holds one of every five deposit dollars in the Scranton/Wilkes-Barre/Hazleton metro area. But below the top of the ...

Timeline of Joe Biden event at Nesbitt Park - Times-Leader
The Times Leader is reporting live from Delaware Senator and Vice Presidential nominee Joe Biden's (D) community gathering at Nesbitt Park in Wilkes-Barre today. Biden, a native of Scranton, PA, visited the area on Labor Day. This is his first visit ...

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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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