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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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Clay refinance mortgage news:
Emmetsburg woman accused in mortgage scam - KWWLEMMETSBURG, Iowa (AP) - An Emmetsburg woman has been arrested for allegedly running a mortgage scam out of her home. Terry Hoffert is charged with two counts of first-degree theft and one count of ongoing criminal conduct. Police say Hoffert ran a ...
Cautious reception for mortgage plan - Allentown Morning CallUse the home in question as their primary residence. Prove they were worthy of credit when they took the original loan. Have provided a down payment on the home. Local housing and banking experts are reacting cautiously to John McCain 's proposal to ...
Mike Luckovich - Atlanta Journal ConstitutionThe entry titled "Answering an SOS," and any of the comments about it. Mike Luckovich’s cartoon has moved to a new ajc.com address. Click here to view and bookmark. The new format features a larger version of Mike’s cartoon for the day and allow ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
National Oilwell Varco, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comNational Oilwell Varco, Inc. (NOV) Q3 2008 Earnings Call Transcript October 23, 2008 10:00 am ET Executives Pete Miller - Chairman, President and CEO Clay Williams - CFO and Senior Vice President Jeremy Thigpen - President, Downhole Tools and Pumping ...
Republican Leaders' Concern for McCain Grows after Rough Week - Report - Sofia News AgencyAfter a particularly difficult week, several US Republican leaders expressed Saturday their crowing worries that Republican Presidential candidate John McCain was heading for defeat. Photo by time.com Several US Republican leaders expressed Saturday ...
Letters to the editor - Nov. 12 - Akron Beacon JournalThe editorial page's Oct. 22 endorsement of U.S. Rep. Steve LaTourette mentioned that he was one of 48 Republicans to support reauthorization of the State Children's Health Insurance Program (SCHIP). This fact highlights an essential point: Among ...
What Mervyn didn't say - bbcThe slightly odd thing about Mervyn King's speech last night is that it didn't address the issue of what the central bank, the Bank of England , could do better next time. King's analysis of what went wrong is spot on, as always. In a nutshell our ...
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