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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
Montgomery home equity loans news:
Financial News
Lending Over Backward - Forbes
The FHA has been turned into the mortgage industry's lender of last resort. Taxpayer price tag? Maybe $100 billion. DENVER -- When the nation's politicians take the stage here and later in St. Paul, Minn., you'll hear a lot of talk about saving the ...

Leaders seek answers to mortgage crisis - Sentinel
Sen, Barbara Mikulski (D-Md.) held a special panel discussion in Prince George's County last Thursday to get an understanding of how big of a problem the housing bust is. "I'm trying to figure out what I should be doing," she said as she sat around ...

INDUSTRY NEWS & PEOPLE January 2008 - Business Travel Executive
The Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...

INDUSTRY NEWS & PEOPLE February 2008 - Business Travel Executive
New York City BTA reports with deep sadness the passing of one of its members, Donna Muhlhausen, manager of travel services for Altria (Philip Morris). “Donna was a very active member of NYCBTA,” says the Association’s president, Greg Wilczek ...

Terry Hutchens: IU Q&A - Indianapolis Star
Question: When was the last time a committee of more than 3 people made a timely, intelligent decision? If "someone" thinks a 10 person committee can choose the next coach, wouldn't 20 people do an even better job? How about 30? (Mike in Grand ...

Original Watch URL: - Milwaukee Journal Sentinel
After accounting for impairment charges for its discontinued British subsidiary, the papermaker Appleton said this afternoon that it had a second-quarter loss of $42.7 million compared with a loss of $1.7 million in the second quarter of 2007. Sales ...

01/16 - 01/23 (1) - Dakota Voice
Badlands Blue Dakota 21 Dakota Today DakotaWomen GraceLife Haggard News Hog House Blog Jay Reding.com Jim Rivers Report Mount Blogmore (RC Journal) Northern Valley Beacon Proud Liberal RadioActive Chief Rage in the Cage Robbinsdale Radical School-of ...

Stock & fund quotes - ninemsn
Getting by with a little help from your friends takes on a whole new meaning with the emergence of specially formulated home loans to help you buy either your first home or an investment property with friends. Commonwealth Bank has just released ...

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