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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
Queens mortgage quotes news:
Financial News
Mr. Bush, Come Tell the Ghosts in Queens Your Financial Plan - Common Dreams
As our lame-duck President began his televised speech about the financial meltdown Thursday in lower Manhattan, accountant Barbara Beaubrun sat in her house in southeast Queens, shaking her head in disbelief. "He's in the wrong place," Beaubrun ...

February 2007 - Times Union Blogs
The Capitol. The seat of state government. Where influential politicians craft laws and crafty lobbyists peddle influence. Where hopeful citizens try to get their voices heard. Get a look behind the scenes at New York politics and statewide campaigns ...

Misadventures in Atlanta - AccessAtlanta
In the 12 years since her parents allowed her first date, Blanca has dated, and dated, and dated. And she's single, tired, but not completely without hope. I’ve been having good conversations with friends lately about relationships. We were ...

Recently in 2010 Category - New York Daily News
How about Christine Quinn for U.S. Senate if Hillary Clinton gives up her seat to become secretary of state? Quinn, the first woman speaker of the City Council, and also the first openly gay person to hold that post, was asked earlier today if she ...

September 14 - September 21 (77) - Dakota Voice
► January 16 - January 23 (1) The afternoon plenary session of the FRC Washington Briefing was called Lights, Camera, Values in Action . It included speeches from Dr. Ted Baehr, president of MovieGuide, Brad Moore, president of Hallmark Hall of ...

Credit and Debt - Chicago Tribune
WASHINGTON (AP) _ Consumers, taking a beating from the worst financial crisis in seven decades, cut back sharply on their spending in October, pushing retail sales down by a record amount. As President George W. Bush and other world leaders gathered ...

October 2008 - New York Daily News
RIP Studs Terkel . (Man, is that a bummer). John McCain is sure he and Sarah Palin will "fool the pundits one more time." McCain called Obama, Harry Reid and Nancy Pelosi "the tax trifecta from hell." An RNC Web ad portrayed the three Democrats as ...

Tories' lead picking up steam - Globe and Mail
Harper 144 (90% likely) or 180 (10% likely). I've called Harper 144 all along and stick to it. However, something interesting might happen re Quebec. IF Harper appears to heading for a majority without Quebec, watch for tons of the 'protest' voters ...

That Palin hoax - Atlanta Journal Constitution
Away from the office on the farm in South Georgia, where the task of this day is to reassemble a John Deere tractor, almost none of my conversations are with political junkies. It was those conversations that told me that Gov. Sonny Perdue’s ...

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