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National Housing Day: Shining a Spotlight on Local Partnerships in ... - CNW GroupST. JOHN'S, Nov. 19 /CNW/ - In honour of National Housing Day on Saturday, November 22, Canada Mortgage and Housing Corporation (CMHC) is pleased to be highlighting some very successful local partnerships that have produced five affordable housing ...
Walter Mosley closes the book on Easy Rawlins after a decade - Juneau EmpireWhen the world first met Easy Rawlins, he was 28. It was post-World War II Los Angeles - a city full of opportunity and without a long history - not a bad place to be for a smart, confident black man. Fired from his job, Easy was in need of fast cash ...
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Lummis wins House seat - Caspar Star-TribuneCHEYENNE -- Republican Cynthia Lummis, a former state treasurer and longtime legislator, beat Democrat Gary Trauner on Tuesday to win Wyoming's seat in the U.S. House. With 98 percent of precincts reporting, Lummis led 52 percent to Trauner's 43 ...
Obama picks Clinton alum Emanuel chief of White House staff - PantagraphWASHINGTON, D.C. -- President-elect Barack Obama pivoted quickly to begin filling out his new administration on Wednesday, selecting hard-charging Illinois Rep. Rahm Emanuel as White House chief of staff while aides stepped up the pace of transition ...
Obama: 'Change has come' - PantagraphUPDATED 11 p.m. WASHINGTON, D.C. -- Barack Obama swept to victory as the nation's first black president Tuesday night in an electoral college landslide that overcame racial barriers as old as America itself. "Change has come," he told a huge throng ...
Wyo voters love GOP ticket - Caspar Star-TribuneThe Republican ticket of Sen. John McCain and Gov. Sarah Palin would crush the Democratic candidates Sens. Barack Obama and Joe Biden by a nearly 2-1 margin if the general election were held now in Wyoming, according to a poll commissioned by the ...
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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