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News about Mortgages:
And it's over... - Spokane Spokesman-ReviewHouse Bill 2416 -- reinstating the 1 percent property tax cap -- passed handily. Senate Bill 6178 -- letting households below $57,000 postpone half their taxes, so long as they pay them back with interest when they sell the home -- also passed ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
Obama aftershocks - bbcSorry to have become suddenly episodic - normal service resumes next week. On a trip back to London, the aftershocks of the Obama victory are still incredibly evident, even in a nation with plenty of its own politics with which to be consumed right ...
State bankruptcy filings up 40 percent - Yakima Herald RepublicLinks SEATTLE -- When Julia Ruedas and her husband bought their first home in Auburn three years ago, they were convinced their days of rent increases and instability were behind them. But it was too good to last. Last year, their mortgage rate ...
John...Ish... Ishmael from Brampton ON, Canada writes: - Globe and Mail>>>>Oswaldo I from Canada writes: These will be government (or government funded) jobs. No chance of getting the U.S. federal debt under control without massive tax increases. Posted 22/11/08 at 1:12 PM EST>>> Look to Canada for a moment: Government ...
The relative worth of one's work - Yakima Herald RepublicLinks Imagine if one of the now unemployed Wall Street tycoons had lived in the Yakima Valley, with a Tieton Drive address instead of a Park Avenue pent-house in New York City. Better yet, imagine if this CEO and his eight-figure salary was spread ...
Clemency sought for convicted killer - Seattle TimesThe state's Roman Catholic bishops are asking Gov. Christine Gregoire to commute the death sentence of Darold Ray Stenson. The three bishops, representing Catholic dioceses in Seattle, Spokane and Yakima, are asking that Stenson instead receive life ...
Tri-Cities Has Lowest Cost of Living in Washington - KEPRKENNEWICK-- Franklin County is already the fastest-growing county in the state, with one of the lowest foreclosure rates around. When the headlines are bleak, it's good to know your dollar is going far. Experts say the economy is cyclical. Affordable ...
12 members who might switch their vote - Yahoo NewsThe $700 billion rescue plan the House defeated Monday would have passed if just 12 more members of the House had voted the other way. Here’s a list of a dozen members who voted against the bill — and what it might take to turn their nays into ...
Click on any date to read the story - Spokane Spokesman-ReviewJan. 1: Jonathan Wade Ellington runs over and kills Vonette Larson of Athol in an apparent case of road rage that involved chases and gunfire. He is later sentenced to 12 years in prison. Jan. 9: Rodolfo Arevalo is named president of EWU, becoming ...
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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