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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.

View all Terms
Lee mortgage quotes news:
Financial News
Plouffe Whistles Plus: Obama's failed fight-back - Slate
Effective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...

This author is one of the victims. - Miami New Times
Sad stories and otherwise freaky tales. "Anyone who claims to play poker for a living in this state is a wannabe, a jerk-off, and, furthermore, a degenerate." "It's a hard way to make a living. Try combining that with some cheapskate who doesn't want ...

Thinking Right - Atlanta Journal Constitution
All the entries posted in August. Is Hillary married? Just asking. In many ways, it was a strange speech from Hillary. For one, there was no acknowledgment that any man in her life might be anywhere that mattered. Bill sat, looking proud and almost ...

August 2008 - Posts - MSNBC Firstread
DENVER -- Joe Biden today again called John McCain a hero, but said that he disagrees with his “good friend” over the way forward in Iraq. “He’s a real hero,” the Delaware senator told members of National Guard units stationed outside of ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
Issue: Most Americans see 'judicial activism' crisis: Legal experts shocked by results of survey by American Bar Association publication /WorldNetDaily. DFO: Count me among those who believe the judiciary, particularly the federal judiciary and 9 U.S ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...

McCain's Cheap Dates? - Slate
I don’t want my 17-year-old son to have to pick tomatoes or make beds in Las Vegas. ” Has Rove accidentally ripped the mask off the vicious social inegalitarianism of Bush's immigration plan, as Mark Krikorian argues , or does a more benign ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

January 2007 Archives - Daily Blabber
Earlier this morning I told you about Jennifer Aniston's interview with People in which she talked about her most recent nose job . Or, as she likes to call it, necessary corrective surgery. Whatever gets her through the night. Now more than ever, it ...

School Board fires Ray Baker - Naples Daily News
An emotional Linda Abbott proved to be the crux over whether or not Collier County Public Schools Superintendent Ray Baker would keep his job. In the end, she decided the school district was better without Baker. The board voted 3 to 2 Tuesday ...

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