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News about Mortgages:
WRIT buys 2445 M St. for $181M - Washington Business JournalWashington Real Estate Investment Trust has acquired 2445 M St. NW, a West End office building that was previously financed in part by a Lehman Brothers entity. The Rockville-based company (NYSE:WRE) declined to identify the seller, but the 290,000 ...
New businesses - Providence JournalBANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...
A suburb for our times - Sydney Morning Herald"Most people were happy to lend a hand" … Choco Whitbread, 80, in his garden in Hammondville, a suburb near Liverpool in Sydney's south-west. Hard times, happy days. The former state MP John Hatton still talks fondly of his childhood growing up ...
John S.W. MacDonald - New York ObserverAs this blog encompasses culture, I suppose we’re contractually obligated to mention this year’s Grammy nominations. So here goes… The lucky nominees were announced last night at LA's Nokia Theatre during a live televised event that CBS humbly ...
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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