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News about Mortgages:
Deeds Oct 1st thru 10th 2008 - Cecil WhigSedgrick L. and Lutisha S. Williams to Deutsche Bank National Trust, 221 Bennie Drive, Charlestown, $270,000, October 8. Deutsche Bank National Trust to Christopher B. and Amber L. Cranford, 221 Bennie Drive, Charlestown, $285,000, October 9 ...
'Holiday Fest' to light up downtown tomorrow - Louisville Courier-JournalNew Albany will hold its "Holiday Fest" tomorrow from 2 to 7 p.m., with entertainment at several downtown locations. Santa Claus is slated to arrive at 6:30 p.m. to turn on the Christmas lights. There also will be cookies, drinks, pictures with Santa ...
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 ...
DiMasi refuses to provide records - Boston GlobeHouse Speaker Salvatore F. DiMasi is refusing to comply with a demand for records from the state Ethics Commission in its conflict-of-interest investigation, leading to a secretive legal showdown that has yet to be resolved, according to officials ...
R.I. housing prices drop to 5-year low - Providence JournalRhode Island’s single-family house prices fell to their lowest level in five years during July, August and September, as banks and distressed borrowers sold off properties at steep discounts, according to a report scheduled to be released today by ...
Lessons learned in a condo deal - Boston GlobeBuying a condo includes some different challenges than buying a single-family house. There are condo fees, condo associations, special assessments, and condo association rules to consider. In an established condo association, it’s usually a pretty ...
Feeling the pinch - Providence JournalGus Cardona, who lives at the W.A.R.M. shelter in Westerly, pedals his bicycle through Westerly beginning at 3:15 a.m. to a parking lot on Route 78 to catch a bus to Foxwoods Resort Casino, where he works. The Providence Journal / John Freidah ...
Family avoids foreclosure as community gives $7G - New Haven RegisterMILFORD — Milford Special Education PTA President Susan St. Pierre calls it a "Holiday Miracle Story." Sharon Jansen described it as an "emotional roller-coaster" that has left her family touched by the outpouring of generosity from the community ...
Three congressmen defend seats - Daily Local NewsThree congressmen who serve in parts of Chester County defended their seats in the 6th, 7th and 16th Districts in Tuesday's election. 6th District Democrat Bob Roggio challenged Republican incumbent Jim Gerlach in the 6th District of the U.S. House ...
Leb. deemed safe from economy - DartmouthForbes Magazine determined that Lebanon and its surrounding towns represent the strongest micropolitan area in the country in a recent survey. The College and Dartmouth-Hitchcock Medical Center are the main reasons why the magazine dubbed Lebanon the ...
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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