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News about Mortgages:
Marion County Vital Statistics - Marion StarMarion County, 514 Walnut St., Green Camp, Deutsche Bank Trust Company to Barbara L. Thomas, 10/14/08, $44,000. Marion County, 415 N. Water St., Caledonia, Dennis R. and Lois Bilger to Linda Marie Dowalter, 10/14/08, $62,000. Marion County, 487 ...
Who's Who in West Virginia Business 2008 Winner: Brian ThomasĀ - WTRFBRUCETON MILLS -- Brian Thomas took the helm of two family businesses by hard work, not by birthright. The 44-year-old Bruceton Mills native is now president and CEO of Clear Mountain Bank after working 20 years at the institution his family helped ...
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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