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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.

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Cherokee mortgage quotes news:
Financial News
Keith Richards, Cockroaches, and the Firm of Goldman Sachs - Huffingtonpost.com
The billionaire Warren E. Buffett will invest $5 billion in the investment bank Goldman Sachs, as part of the bank's efforts to raise $7.5 billion in fresh capital, a Goldman spokesman, Lucas Van Praag, said Tuesday. In return, Berkshire Hathaway ...

BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain News
Democratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...

New Wright Ad Attacks Obama in Battlegrounds - ABC News Blogs
ABC News’ Rick Klein Reports: A Republican political action committee on Monday is launching a new TV ad campaign in three battleground states featuring Sen. Barack Obama alongside the Rev. Jeremiah Wright, in the latest salvo from a GOP-aligned ...

Poll: Obama widens lead - Globe Gazette
They're taking no chances at Madame Tussauds Wax Museum in London. Despite the polls, the staff there have prepared clay head molds for both John McCain (left) and Barack Obama so a display featuring the new U.S. president can be moved into place ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
It's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...

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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