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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
Cape May home equity loans news:
Financial News
Foreclosures slowing compared to rest of county - Gloucester Daily Times
As foreclosure rates across the state skyrocket, those on Cape Ann have slowed. Numbers released last week by The Warren Group sounded an alarm: with 800 foreclosures statewide last month, Massachusetts had hit its highest numbers since August of ...

TheStar.com | Columnist | Getting all charged up about Visa's IPO - Toronto Star
It has taken surprisingly little time for Bob Iger , CEO of Walt Disney Co., to emerge from predecessor Michael Eisner 's shadow. With a low-key lifestyle and a resolute focus on the business that doesn't lend itself to mentions in the New York Post ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

Terry Hutchens: IU Q&A - Indianapolis Star
Question: When was the last time a committee of more than 3 people made a timely, intelligent decision? If "someone" thinks a 10 person committee can choose the next coach, wouldn't 20 people do an even better job? How about 30? (Mike in Grand ...

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