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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
Toole mortgage rates news:
Financial News
Halifax reports record house price falls - MyFinances.co.uk
The latest report from Halifax finds house prices in the UK property market fell by a record 13.3 per cent year-on-year in September. This is the largest ever annual drop recorded by the lender – the UK's largest mortgage provider – well ahead of ...

Mortgage Rates Falling [Housing Tracker] - Seekingalpha.com
FHFA Looks to Expand Access to FHA Loans . “New, interim changes to the Federal Housing Finance Agency’s Affordable Housing Program will allow the use of AHP subsidies in conjunction with the FHA’s Hope for Homeowners Program. Current AHP ...

Loan-modification plan gets mixed reviews - Inside Bay Area
Bank of America's new program to enable some homeowners to modify existing Countrywide mortgages may help people stay in their homes — but also could shove borrowers into a new cycle of loan failures, analysts said Monday. The bank agreed to settle ...

End users of real estate projects begin to play more active role - Business24-7
Dubai is starting to experience an era where end users are beginning to play a more active role in the real estate market, as opposed to being mere tenants, says a latest report by Better Homes. It is time for speculators in Dubai to start looking ...

Record house price falls of 13% - MyFinances.co.uk
The latest report from Halifax finds house prices in the UK property market fell by a record 13.3 per cent year-on-year in September. This is the largest ever annual drop recorded by the lender – the UK's largest mortgage provider – well ahead of ...

UK mortgage lenders cut rates - MyFinances.co.uk
Mortgage buyers in the UK can rejoice this morning, with lenders seeming to launch a rate war to attract the best customers. Of the twelve leading lenders nine have cut their headline interest rates on two and three-year fixed-rate deals in the last ...

Will Florida attract the boomers? - Herald Tribune
Each and every day from now until 2023, roughly 10,000 Americans will blow out the candles on their 60th birthday cake. That means four million people a year face impending decisions on whether to stay where they have been earning their livelihood ...

Australians warned to expect expensive Christmas - Australian Broadcasting Corp.
Australians are likely to have to pay more for goods and services around Christmas, as falling company profits force businesses to raise prices. The finding comes in a business expectations survey, by Dun & Bradstreet. Dun and Bradstreet's Damien ...

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