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Hancock earns certified mortgage planner designation - Bothell Reporter
The Hancock Mortgage Team at The Legacy Group recently announced that Mike Hancock earned the Certified Mortgage Planner (CMP) designation. Hancock earned his CMP designation at the Mortgage Planner Summit 2008 earlier this month in Las Vegas. CMPs ...

Burglar Gets Seven Years in Jail for Million-Dollar Break-In - FOX News
PORT ORCHARD, Wash. — An Everett man has been sentenced to seven years in prison after pleading guilty to a break-in of a home overlooking Hood Canal in which more than $1 million in property was taken. Thirty-five-year-old Gregory L. Burton ...

Pennridge Senior Center looks to grow - News-Herald
Representatives have been promoting the center for the past several months at all the eight surrounding Bucks County towns that the center serves. The center moved into its location on Route 113 in Silverdale in July 2007, and Much said that ...

Timberland Bancorp Earns $1.35 Million in Fiscal Fourth Quarter 2008 - Market Wire
HOQUIAM, 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 ...

Tennessee: Clergy urging flocks to heed spiritual stock - Chattanooga Times Free Press
In the midst of a shaky economy, area pastors say they are reminding parishoners that while their financial portfolios may have taken a beating, their lives will be secure if their spiritual stock is sound. “If we’re trying to follow (God’s ...

Bainbridge foreclosures up, but still lower than rest of county - Bothell Reporter
You can say foreclosures on Bainbridge Island are up at least 1,400 percent this year. But that is largely because Bainbridge had little to no foreclosures in past. Although the island and it’s housing market have been dramatically affected by the ...

INDUSTRY NEWS & PEOPLE January 2008 - Business Travel Executive
The Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...

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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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