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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
Seward mortgage rates news:
Financial News
Brookdale Announces Third Quarter 2008 Results - MSN MoneyCentral
- Occupancy at the end of the quarter was 90.3%, up 1.3% from the end of June to the end of September. - Average occupancy for the third quarter was 89.7%, versus 88.9% for the second quarter of 2008. - Revenue for the third quarter was $482.3 ...

Top of the News - Crosscut.com
Chosen and ranked by Crosscut editors. Mouse over headline for description. When I attended my first Columbia City Community Council (CCCC) meeting last December, I was naive and unschooled in the tender mercies of neighborhood politics. Since then ...

Palin Bust in Alaska? - ABC News Blogs
ABC News’ Rick Klein Reports: Election officials in Alaska were preparing for record-breaking turnout on Tuesday, with hyper-competitive House and Senate races -- and, of course, a popular home-state governor having won a spot on Sen. John McCain ...

Rambo and the Mean Girl - Common Dreams
 The Republican Party convention in Minneapolis gave us two American film narratives in an attempt to shift the national political debate away from issues and accountability to personalities and fluffy ideals. Former Reagan speech writer Peggy ...

Couple cite terror, Iraq in support for McCain - Evansville Courier-Press
Harold Greenwell feels as if he is shouting and no one can hear him. MOLLY BARTELS / Courier & Press Harold and Penny Greenwell are supporters of John McCain. "People are so easy to forget Sept. 11, 2001," Greenwell said, frustration creeping ...

Rahm Emanuel's Universe - Reason.com
Jim Lindgren reads from the manifesto of Rahm Emanuel, Obama's reported new chief of staff, and finds a man who wants, among other things, "universal college access," to cut gasoline use in half, and "universal retirement savings." But far more ...

McCain, Obama get personal in final debate - Syracuse Post-Standard
'Sit Down and Shut Up': Advice on making the debate interesting from Slate.com. The site of tonight's debate was once such a GOP stronghold that President Reagan once said, "When a Republican dies and goes to heaven, it looks a lot like Nassau County ...

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