Lenoir City Mortgage Rates and Information Online from competing Lenders

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Republicans fear a Barack Obama victory would turn America sharp left - Times Online
If Barack Obama wins the American presidential election in nine days’ time, it will be because he has beaten the Republicans at their own game, according to Karl Rove, the noted “architect” of President George W Bush’s two victories. The ...

Credit crisis stalls hotels - Raleigh News & Observer
* Construction on The Hillsborough, a proposed 25-story tower with a 136-room boutique hotel and 26 condominiums, was to begin at the corner of Dawson and Hillsborough streets by April 1. But at the last minute, lenders asked Raleigh developer ...

Democrats keep hold of General Assembly - WRAL
RALEIGH, N.C. — The excitement surrounding President-elect Barack Obama's campaign and Democratic wins for several top posts in North Carolina wasn't enough to help the party increase its majorities in the General Assembly. But if this was an ...

GOP held its own in state House, Senate races - Times-News
The excitement surrounding President-elect Barack Obama's campaign and Democratic wins for several top posts in North Carolina wasn't enough to help the party increase its majorities in the General Assembly. But if this was an election of change - a ...

'Race' a factor for some Tennessee voters - WVLT
KNOXVILLE, Tenn. (AP) -- Race was on the minds of many Tennesseans when they went to the polls and voted overwhelmingly for Republican John McCain over Democrat Barack Obama, the nation's first black president-elect. According to exit polls, about a ...

School bus hits 2 other busses in Clinton - WATE
A school bus hit two other school busses while they were loading Friday afternoon in the parking lot of Clinton High School. David R. Pulley, a teen accused of attacking an 86-year-old Knox County woman, is now charged in adult court with her murder ...

Skinheads accused of Obama plot held in jail - WATE
It started out as a class project for 6 graduate students at UT, and now they've made banning cell phones while driving their priority. The Helen Ross McNabb Center, a non-profit group specializing in mental health and social services, plans to build ...

TVA CEO Tom Kilgore (Photo Courtesy: Tennessee Valley Authority) - WVLT
NASHVILLE, Tenn. (AP) -- The Tennessee Valley Authority board has approved increasing the utility chief executive's compensation by nearly a half million dollars, and Congressman Jimmy Duncan, Jr., has sent a letter to the TVA board chairman ...

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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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