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Faces Of Foreclosure - San Francisco GateHis toddler's shoes, festooned with greenery and bells, stood atop the neat pile. It was the only sign of holiday cheer in the Vallejo home, where most of the family's possessions are already packed up. They must vacate by the end of the year under ...
Phooey, and more phooey! - Scoop(For those of you who have never been in the presence of Tongan rugby players, look no further than this mash-up video of rugby league sensation Fuifui Moimoi—in the red #10 jersey—to appreciate why it was a pretty fearsome sight to behold ...
People On the Move - East Bay Business TimesTodd Friedlander has been promoted to associate at Shah Kawasaki Architects in Oakland. An architect with the firm since 2003, Friedlander is currently working on Oakland’s Studio One Art Center Rehabilitation and the Latino Cultural and Performing ...
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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