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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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Franklin mortgage quotes news:
Financial News
Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Earlier today, we mentioned that investors who received redemptions from Madoff within 90 days of the firm’s collapse are particularly ...

Viewing all entries for: October 2008 - Economist.com
AND speaking of bad last-minute decisions: you're up, and you have more paths to victory than Paul Simon has breakup techniques . Kerry states plus IA-CO-NM? Safe. Kerry plus OH? Quite possible. Kerry plus VA + IA? Safe enough too. Want to run up the ...

The World Newser - ABC News Blogs
George Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...

December 2008 - Posts - MSNBC Firstread
One wouldn't pretend to know how this Burris / Blago Senate affair is going to get sorted out, but one factor may be the signature -- or lack thereof -- of the Illinois secretary of state certifying the appointment. While reports maintain that the ...

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