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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
Belknap mortgage loan news:
Financial News
Financial Crisis Provides Fertile Ground for Boom in Lawsuits - The Ledger
Nothing makes lawyers more popular than bad times. Michael Falco for The New York Times John P. Coffey, a lawyer, says executives are less likely to get the benefit of the doubt. It seems like just a few months ago — because it was — that trial ...

Now That Election Is Over, Its Back To The Crisis - Huffingtonpost.com
The election is all but over, but the debate over who is responsible for the financial crisis is just beginning to become more intense. We know that the FBI has opened a criminal investigation of 26 companies, indicted 400 mortgage scammers and ...

The Blame Game: Who Do We Blame For The Crisis? - MediaChannel.org
The election will determine our next president. It will not solve our biggest problem. And we still don’t know who is responsible for the economic calamity that is or soon will impact all our lives. We know that the FBI has opened a criminal ...

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