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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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Mitchell mortgage quotes news:
Financial News
November 2008 - Weekly Standard
Out on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...

2008 (2665) - Dakota Voice
► May 22 - May 29 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month. The ...

Financial meltdown's ripples: Utahns lose jobs, savings, access to ... - Salt Lake Tribune
How is the global economic crisis affecting you and your family? Are you struggling to make ends meet? Are you having trouble getting a loan? Are you watching your retirement slip away? Or are you finding ways to manage and cope to get by? We'd like ...

Feds Bail Out Another Major Company - US News and World Report
Media reports are casting the government's decision to effectively rescue troubled insurance giant AIG with an $85 billion loan in exchange for a close-to-80% stake in the company as a surprise move, an indication of the continuing peril and ...

Giants Are All Talk, No Action - San Francisco Gate
So there goes Andruw Jones. To the Dodgers. Miguel Cabrera? Gone? Alex Rodriguez? Ha Ha Ha Ha Ha! The Giants need a bat, a big bat. But these linup-fixers are slowly, surely going to other bat racks. Andruw Jones at $18 million a year? OK, maybe the ...

Anti-Obama Boomerang? Why more votes for McCain might mean more Dems ... - Slate
The "October Surprise" that might help McCain wouldn't be a new bin Laden tape, or an Al Qaeda attack, but rather a medium-sized setback in Iraq , no? One of McCain's problems is that voters aren't paying much attention to Iraq--because it looks from ...

McCain slams Obama on 'redistribution of wealth' - Boston Globe
Conservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...

State makes millions available in flood aid - Globe Gazette
DES MOINES — A state program designed to help Iowa recover from disasters in recent months will set aside more than $4.7 million in housing aid and more than $720,000 in help for small businesses in Cerro Gordo County and surrounding areas, Iowa ...

Online Opinion is your chance to tell Keloland what you think. - KELOLAND TV
"Joe, you're rich. Congratulations." Senator John McCain said that during last night's Presidential debate in mockery of Senator Barack Obama's explanation of his tax plans. McCain was referring to Joe Wurzelbacher—"Joe the Plumber," the new ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. ALBUQUERQUE, NM – There's a topic that Sen; Barack Obama, D-Ill ...

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