Maury City Mortgage Rates and Information Online from competing Lenders
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Homeowners encouraged to set up escrow accounts - Nashville TennesseanSPRING HILL — City property owners will get two tax bills this fall instead of just the one they're used to seeing. Williamson and Maury counties recently sent out their property tax notices and, for the first time in three years, the City of ...
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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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