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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Hughes refinance mortgage news:

Bad economy offers cheap stocks, cars - Brownsville Herald
McALLEN - The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but that also means prices are falling and it could be a buyer's market for some big-ticket items. And it goes beyond gas prices dropping below ...

Ailing economy opens doors for stock market novices, car buyers - McAllen Monitor
The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but the sluggish economy also offers savings opportunities for saavy consumers. And it goes beyond gas prices dropping below $2 a gallon for the first time ...

The Half Billion Dollar Yankee Lineup - Bleacherreport.com
What the hell, let's sign 'em all. This is New York, baby. We need a winner. You think mom and dad with the 2.3 kids who need to refinance their home mortgage for bleacher seats on family day expect anything less? And what about all the suits in the ...

Owner of four New Jersey malls could go bankrupt - Newark Star-Ledger
Drowning in debt, and citing a weak retail and credit market, the owner of four New Jersey malls has hired bankruptcy lawyers and warned it could file for legal protection as it tries to dig itself out of a financial hole. General Growth Properties ...

Recourse, Of Course - New York Times Blogs
Martin Feldstein has written another Wall Street Journal op-ed (here’s an NBER version ) extending his idea for stabilizing home prices. Steven Levitt has written about Feldstein’s basic idea before . The basic idea is for the government to ...

Borrowing for bailout to set record - Providence Journal
WASHINGTON — The government, moving to raise cash to pay for the array of financial rescue packages, said yesterday it plans to borrow $550 billion in the last three months of this year — and that’s just a down payment. Treasury Department ...

O'Brien's blog - Atlanta Journal Constitution
The entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...

The Jersey Squeeze: Families caught between cost and tax hikes - Asbury Park Press
Before 10-year-old Kyle Gamble settles down to his video games in his quiet Matawan home after school, he anxiously turns on CNBC-TV, where, each afternoon, some of the global economic crisis comes to rest on his small shoulders. At his tender age ...

LIVE ELECTION NIGHT BLOG - ABC News Blogs
1:37 am ET: Based on exit polls and analysis of the vote so far, ABC News projects McCain will win Alaska. 1:22 am ET: Martin Luther King III, human rights activist: “I think my dad and my mom are looking down on us with great big smiles on their ...