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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
Morrison mortgage quotes news:
Financial News
Stock & fund quotes - ninemsn
LONDON, Sept 17 (Reuters) - Britain's benchmark share index lost 2.3 percent on Wednesday to hit its lowest close since mid 2005, as investors dumped financial stocks fearing more chaos from a credit crisis that has roiled Wall Street banks. Miners ...

FTSE ends down 0.9 pct on banks; BG, miners support - Forbes
LONDON, Sept 11 (Reuters) - Britain's top share index fell for the third day in a row on Thursday, down 0.9 percent as ongoing credit worries hit banks and Morrison Supermarkets eased after half-year results. The FTSE 100 closed down 47.8 points at 5 ...

Harper pitches two-tier youth justice plan - Globe and Mail
Average Canadian from Canada writes: Unbelievable. So it is true - these guys really are neo-con reformers. Well that's it. I can't vote for a party like this. I want nothing to do with a Bush style party that pushes this type of agenda. So now what ...

September 14 - September 21 (77) - Dakota Voice
► January 16 - January 23 (1) Fox News is reporting on a new Pulpit Initiative by the Alliance Defense Fund ( ADF ) to challenge the 50-year old restriction on political speech for tax exempt organizations. Conservative legal advocates are ...

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