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Political Punch - ABC News BlogsJake Tapper is ABC News' Senior White House Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. Via Politico we hear that at a recent conference, Mark Halperin ...
Humane Society looks to expand - Times-ArgusBARRE – The Central Vermont Humane Society has signed a contract to buy Ruby's Run Pet Bed and Board in East Montpelier and plans to close on the sale the first week of December. Ruby's Run will stop boarding animals after the Thanksgiving holiday ...
Kanjorski’s victory reflects shift in Pa. - Republican & HeraldLosing in his home base in Luzerne County, U.S. Rep. Paul E. Kanjorski salvaged his political career Tuesday by running up huge leads in fast-growing Monroe County and in areas of Lackawanna County added to his district six years ago. The Nanticoke ...
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
Election 2008 - Weekly StandardBill Sammon's sources tell him Steele may announce as soon as Thursday , and is courting the endorsement of Newt Gingrich, which if landed, would do much to scare off the incumbent and possible challengers: The source also contradicted a report in ...
How About Never -- Is Never Good For You? - ABC News BlogsWhen it comes to the release of her medical records, Alaska Gov. Sarah Palin is starting to remind me of that great 1993 New Yorker cartoon in which a man in an office talks to someone on the phone, looking at his date book, saying, "No, Thursday's ...
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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