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N. Ky. builders pick '09 leaders - Cincinnati.comPaul D. Bogenschutz, president of Edgewood-based Ashley Construction, has been elected the 2009 president of the Home Builders Association of Northern Kentucky board of directors. Other board officers elected to serve in 2009 include Barbara Drees ...
Water service interruption averted for Slater apartment dwellers - Marshall Democrat-NewsThe city of Slater found itself caught recently between a group of disgruntled apartment building tenants and an elusive new owner of the building after the previous owner requested the utilities be taken out of his name. Residents of Slater's ...
Recent foreclosures filed in Madison County - TelegraphThese icons link to social bookmarking sites where you can share this story and discover new Web pages. These are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the plaintiff ...
Credit crunch may spoil holidays for retailers - Atlanta Journal Constitution• Pay cash. • Use credit cards. You can earn reward points. And if you pay the balance each month, there is no interest charge. • Go layaway. A few retailers -- such as TJ Maxx, Burlington Coat Factory, Kmart and Mori Luggage -- still offer ...
Homeowners dispute flood plain maps - News-Leader.comBrenda MacLachlan's property on West Edgewood is among the 340 parcels and 116 structures currently outside the Federal Emergency Management Agency's 100-year flood zone that will now be included in a revised flood area. If there's a mortgage on any ...
A different story on credit this Christmas - Austin American-StatesmanMany indicators are showing it could be. As part of the fallout from the credit crunch that already has hammered the mortgage industry and corporate lending, banks are constricting the credit card offers that retailers can make — right when ...
Did We Buy a House? - First Coast NewsJACKSONVILLE, FL -- Lushana Black, like many Americans, wants her own home. In March, she went shopping and decided to use a Licensed Mortgage Broker, Chantilly Realty. In April, the broker told her to deposit $1,000 into a Bank of America account ...
Empty homes show lives torn apart - Pittsburgh Tribune ReviewThe family photos can get to Bob Watkins. "It's kind of sad. People's lives just sort of go away," said the Jeannette man who cleans out homes after their owners lose them to foreclosure. Long after the neighbors have forgotten who lived there, the ...
Mathews one of a kind - Bedford Times-MailBEDFORD — Many remember Mark Mathews and his warm, greeting smile as a teacher at Bedford North Lawrence, but his legacy at the school may be better remembered on the hardwood as the head boys basketball coach for the Stars from 1993-96. Mathews ...
Timberland Bancorp Earns $1.35 Million in Fiscal Fourth Quarter 2008 - Market WireHOQUIAM, WA--(Marketwire - November 4, 2008) - Timberland Bancorp, Inc. ( NASDAQ : TSBK ) ("Timberland"), the holding company for Timberland Bank ("Bank"), today reported fiscal fourth quarter profits of $1.35 million, or $0.21 per diluted share ...
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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