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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.

View all Terms
Placer mortgage rates news:
Financial News
November 2008 (25) - Sacramento Bee
The Sacramento-area housing market did it again. Thanks to continually falling prices and a large supply of bank repos, sales held strong in October. That makes it a seventh month in which sales in the region have been stronger than the same time ...

Home Front: Home builders hear more bad news - Sacramento Bee
The annual real estate forecast season is on, and Sacramento-area home builders caught a fresh earful of unfriendly predictions Thursday. The consensus of economists, consultants and home-building executives regarding 2009 is the same as they all ...

Firm assists Latinos facing foreclosure - Denver Post
Nov 12: GM urged to file for bankruptcy Another mortgage plan at the door Nov 8: Parents pull kids from day care as money tightens Nov 9: Greenspan:Economy still sliding Jobless rate jumps to highest since '94 Nov 4: Thornton Kmart not so Super Auto ...

Key borrowers back move to rewrite troubled mortgages - Sacramento Bee
U.S government Government-owned Fannie Mae and Freddie Mac, which own or guarantee 31 million U.S. mortgages, announced Tuesday it will offer lenders $800 for each troubled mortgage that is rewritten to bring monthly payments below 38 percent of ...

Site Presented By - Salon
We're tired of waiting for pesky local election officials to count the last few votes in the handful of Congressional races that have not yet been officially decided. Because it's fun, and because we're not betting real money, we're going to pick the ...

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sources: informars.com, erate.com, Freddie Mac
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