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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
Custer home equity loans news:
Financial News
McCain's new pitch: 'Country First or Obama First'' - San Francisco Gate
The polls have shown over the weekend that Sen. Barack Obama's numbers are heading up again -- with a 6-8 point lead in national polls -- following the first presidential debate. Now Sen. John McCain has unveiled an aggressive new line in his pitch ...

Erie County Real Estate Transactions - Buffalo News
• 1790 Countyline Road, Kathleen Petschke; Dennis E. Petschke to Jennifer A. Wetzler; Darren M. Wetzler, $187,000. • 11716 Boncliff Drive, Arthur W. Wolski to Joseph M. Grimaldi; Jill M. Babinski, $146,000. • 2183 Townline Road, Sharon Schmidt ...

Stocks end back-and-forth session mixed - Buffalo News
AP Business Writer Wall Street ended a tumultuous two-week run relatively quietly Friday, finishing another back-and-forth session mixed as investors were cheered by signs of easing in the credit markets and managed to absorb lackluster economic news ...

American exceptionalism - bbc
Apologies if people have seen this but it's too good to let it pass: American exceptionalism in a poll . Did Jim Callaghan's supporters feel that way when Mrs Thatcher won in 1979; Major's when Blair came to power; I think not. The figure of interest ...

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