Charleston Mortgage Rates and Information Online from competing Lenders

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State colleges get an 'F' for affordability - Hattiesburg American
Mississippi gets an F in making college affordable. The National Center for Public Policy and Higher Education this week released its biennial report card on how well states provide Americans with education and training beyond high school. Higher ...

Mortgage 'workout' programs: - Charleston Gazette
CHARLESTON, W.Va. - As more than 11 million mortgages approach foreclosure nationwide, a parade of lenders - including Chase, Bank of America and Citicorp - are pledging to alter hundreds of thousands of mortgages to keep people in their homes ...

WaMu to cut 500 jobs from Florence mortgage center - Charleston Post & Courier
FLORENCE — More than 500 workers at Washington Mutual's mortgage processing office in Florence will lose their jobs as the company is taken over by JPMorgan Chase & Co. JPMorgan Chase spokeswoman Nancy Norris told WBTW-TV that the jobs will be ...

JP Morgan Chase cuts 500 jobs - Charleston Regional Business Journal
JP Morgan Chase & Co. is cutting almost 500 jobs from the Washington Mutual mortgage processing operation in Florence. The job cuts are among the 9,200 positions JP Morgan plans to eliminate as part of its takeover of Washington Mutual Bank. JP ...

Mortgage activity doubled last week - Charleston Post & Courier
WASHINGTON — Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly survey. The activity in a holiday-shortened week came as average rates on some fixed-rate ...

Avoiding foreclosure - Charleston Gazette
CHARLESTON, W.Va. - In 2007, a few months after Jeff Light was laid off from his longtime job, he and his wife realized they couldn't make the mortgage payment on their Huntington home. "We've got kids, and this is the only home they've really known ...

Public Notices - Columbia Star
NOTICE OF APPLICATION Notice is hereby given that Shanon Davis dba Big Country's Bar-b-que & Convenience intends to apply to the South Carolina Department of Revenue for a license/permit that will allow the sale ON/OFF premises consumption of Beer ...

Mortgage Q&A: Promise amid challenges - The Washington Times
In past years, I have often taken today's column to reflect on the economic environment in America and discuss what aspects and events deserve our thanks. I have to admit that this year's column is a bit harder to write. Let's summarize what's facing ...

United Bankshares receives OK for gov't funds - BusinessWeek
CHARLESTON, W.Va. United Bankshares Inc. said Wednesday it received preliminary approval to receive up to $197.3 million as part of the government's bank investment program. The government investment, administered by the U.S. Treasury Department, is ...

Long-time business shutting - Daily Corinthian
BOONEVILLE -- A going-out-of-business sale is under way at Goddard's Jewelry, a business considered a local tradition in downtown Booneville. Owners James and Donnie Goddard have made the decision to retire after giving it serious consideration for ...

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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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