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Black Friday a gray area - Florida Keys NewsDeborah Dugan was Christmas shopping at Fast Buck Freddie's on Duval Street Friday on what's typically the busiest day for retailers, but she wasn't looking for any big-ticket items. "We have a budget this year," Dugan said. "I usually buy my husband ...
Analysts say consumers may find holiday weekend deals too good to pass ... - DailyTechToday is traditionally one of the biggest shopping days of the year. Black Friday is associated with great deals on goods, especially electronics, and huge crowds in many minds. According to InformationWeek , Monday, known in ecommerce as Cyber ...
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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