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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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Huntington mortgage rates news:
Financial News
McCain’s vetter defends review of Palin - Ironton Online
ST. PAUL, Minn. (AP) — Sarah Palin voluntarily told John McCain’s campaign about her pregnant teenage daughter and her husband’s 2-decade-old DUI arrest during questioning as part of the Republican’s vice presidential search, the lawyer who ...

Not your father's vo-tech - Morning Call
Barack Obama and John McCain punched up the themes that will drive the fall presidential campaign in new and expanded commercial spots airing Tuesday. Obama, the Democratic nominee, linked McCain to President Bush. McCain, about to be nominated by ...

Housing groups confer on crisis - Baltimore Sun
The Island Traders coffee shop in East Hampton is not a traditional newsroom. It's a relaxed, colorful place with palm trees and bamboo shades, rather than a dingy office with ringing phones and clicking keyboards. But news flows through this small ...

Countrywide Financial Corp. - Chicago Tribune
RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. You probably won't hear John P. Jones III whining ...

The Left Was Right - Common Dreams
They take no satisfaction in knowing that they were right in opposing this ill-fated Iraq war from the outset. All they want is for people to listen to them now. And what they have to say is this: If we are ever going to get all of our troops out, it ...

MARTS LIMP TO FINISH - New York Post
Stocks slid for the fourth straight session yesterday, closing out the worst week for the Standard & Poor's 500 index in five years, as Wall Street shrugged off a plan from President Bush to prevent a recession. The White House's call for about $150 ...

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