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Beating the sneaks - News.com.auFOR far too long the only innovation in banking has been new and improved sneaky fees but new technology is turning the tide back in favour of savvy consumers. So let's take a sneak peak at the latest financial innovations that will to rock your ...
Utah home prices tumbling - Daily HeraldSALT LAKE CITY -- Utah home prices fell 1.6 percent in the third quarter of this year, compared with the same period last year, according to a federal report. Utah isn't alone -- prices fell in 41 states in the third quarter of 2008, according to ...
Robberies force bank to shut down for good - Peterborough Evening TelegraphA central Peterborough bank that was twice targeted by robbers is to be closed, it was revealed today. The HSBC bank in Lincoln Road, Millfield, Peterborough, was raided by hammer wielding robbers who made off with a cash haul just a fornight ago ...
Ian Thorpe enters the mortgage game with ziggybid.com.au - News.com.auTime to bid ... Olympian Ian Thorpe has entered the mortgage game with a business that makes banks compete for business. IAN Thorpe, Australia's greatest Olympian, has become a mortgage broker, of sorts. The former world-beating swimmer is a partner ...
Call 4 Action: Woman Has Warning For People Struggling With Mortgage - Pittsburgh ChannelNORTH FAYETTE, Pa. -- Evicted from her foreclosed home, one local mother thought she found the company that would be her saving grace. But now that company is under investigation and the woman has a warning for anyone struggling to make their ...
Thorpedo behind new online home loan finder - West OnlineFormer Olympic swimmer Ian Thorpe is behind a novel way to help Australians find the best home loan. Mr Thorpe is the brand ambassador and a shareholder for a new online home loan service - www.ziggybid.com.au. Users will be able to identify the best ...
Rizzo ponders the risks and rewards of NAB role - The AustralianNAB director Paul Rizzo might pocket an extra $55,000 a year for chairing the bank's risk committee. But he's no doubt mulling over whether it's worth the trouble, after the Australian Shareholders' Association declared he was accountable for a $1.1 ...
South Florida Sun-Sentinel - Fort Lauderdale Sun-SentinelAn Oakland Park woman driving through an intersection on a green light was killed early Tuesday morning when another driver slammed into her car, authorities said. Artiffany Harris-Binder, 42, was pronounced dead at the scene. The other driver ...
Mortgage Meltdown - Daily Business Reviews momentum gains for a U.S. government-sponsored plan to bail out distressed residential property owners, several South Florida congressional candidates caution any program should benefit primary homeowners and exclude speculators or owners of ...
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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