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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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Granite mortgage quotes news:
Financial News
Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...

Braves still shopping for a Big Dog - Atlanta Journal Constitution
The entry titled "Braves still shopping for a Big Dog," and any of the comments about it. The leaves are off the big ol’ oak tree I’m looking at in my front yard. Thanksgiving is just a week away. And the Braves haven’t filled any of their ...

Barre Mayor Lauzon says insurance 'crisis' threatens city - Times-Argus
BARRE – Mayor Thomas Lauzon says "all bets are off" and "everything's on the table" as city officials scramble to avert a hyper-local health insurance crisis. Faced with a staggering 34 percent increase in health care premiums recently quoted by ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior White House Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. Friday afternoon in Kettering, Ohio, Sen. Joe Biden, D-Del., took ...

Right to work - Meganmcardle.theatlantic.com
Freddie wants me to talk about the human costs of not having the auto bailout. That's easy: they're terrible. Lots of people will lose their jobs. Those that don't will have their expectations for an upper-middle class life crushed. Am I glad to see ...

October 2008 (158) - MSNBC Firstread
One thing we know is that next Wednesday it’ll be over, right? We’ll know who the new president will be and whether the Democrats will have a filibuster-proof majority of 60 in the Senate? Right? Maybe not. Insiders in Georgia are convinced that ...

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