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Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island AdvanceAdvance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
COURT NOTES - Scranton TimesCharles J. Lacey, Scranton, and Patricia L. Lacey, Mount Pocono. PROPERTY TRANSACTIONS ■ Daniel McNabb, Clifford, to Mary and Robert Tomaine, address unavailable, a property in Fell Twp. for $41,500. ■ Housing and Urban Development, Washington, D ...
High-end real estate market goes ice-cold in NEPA - Scranton TimesMOOSIC — On the streets of the Glenmaura development, children put foam tombstones on the immaculately manicured lawns as fathers clean out garages and wait for the leaves to fall. Alongside the Halloween tombstones are many even more ominous yard ...
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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