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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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Manatee home equity loans news:
After the boom, coming back to earth - Herald TribuneThe Sarasota-based thrift, which has been converting itself into a commercial bank, has more than tripled in size since December 2000, increasing its assets to $921 million from $254.3 million and its loans to $798.1 million from $207.4 million ...
For troubled homeowners, Countrywide deal offers hope - Herald TribuneHundreds of troubled Countrywide mortgage holders in Manatee, Sarasota and Charlotte counties could qualify for relief under a $1 billion settlement announced by Florida officials on Monday. TAFF PHOTO/ROB MATTSON The Bank of America building is ...
Pending home sales show life - Bradenton HeraldWASHINGTON — Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market. The National Association of Realtors said Wednesday its seasonally adjusted index of pending sales for ...
BankUnited Announces Work Force Reductions - Businesswire.comCORAL GABLES, Fla.--( BUSINESS WIRE )--BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of BankUnited FSB (the Bank) today announced that the Company, as part of its strategic plan, is reducing the headcount of the Bank by ...
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