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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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Whitfield mortgage rates news:
Financial News
Sarasota man charged in Manatee armed robbery - Herald Tribune
MANATEE COUNTY – A Sarasota man was charged in connection with an October armed robbery of two people who were held up at gunpoint while in their vehicle at a stop sign in South Manatee. Allan Tolbert, 29, was arrested on a charge of armed robbery ...

Sarasota man arrested in October armed robbery in Manatee - Herald Tribune
MANATEE COUNTY – A Sarasota man was charged in connection with an October armed robbery of two people who were held up at gunpoint while in their vehicle at a stop sign in South Manatee. Allan Tolbert, 29, was arrested on a charge of armed robbery ...

November 2008 - Posts - MSNBC Firstread
Senate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...

First Security Group Announces Earnings - Marketwatch
, , ) , today announced third quarter 2008 net income of $826 thousand, compared to $3.0 million reported for the third quarter of 2007. Earnings per diluted share was $0.05, compared with $0.18 reported for third quarter 2007. Year to date, earnings ...

November 2008 (146) - MSNBC Firstread
The Obama team has put out a statement condemning today's coordinated terror attacks in Mumbai, India. Here's the text: "President-Elect Obama strongly condemns today's terrorist attacks in Mumbai, and his thoughts and prayers are with the victims ...

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