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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
Lyon mortgage quotes news:
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Emily Bazelon and Christopher Beam field questions about Obama's acceptance speech and McCain's veep choice. posted Aug. 29, 2008 Upsetting the Apple Cart Farhad Manjoo takes readers' questions about flawed iPhones and Steve Jobs' other recent ...

Handshake ‘disrespect by Boruc’ - Sunday Herald
NACHO NOVO last night accused Artur Boruc of displaying a lack of respect to football after the Polish goalkeeper declined the offer of a handshake from Barry Ferguson, David Weir and Lee McCulloch at the final whistle of yesterday's Old Firm game ...

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