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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
Beaver mortgage quotes news:
Financial News
How do Obama’s proposals fit the county? - Beaver County Times
Political demographics, as in a huge number of Democrats who weren’t ready to back the candidate in the primary election, may be the biggest reason for Sen. Barack Obama’s decision to pick Beaver County as his first post-convention campaign stop ...

August 2008 - Posts - MSNBC Firstread
Ted Stevens , the grand-daddy of Alaskan politics, has a wary relationship with the new Republican VP pick -- Alaska Gov. Sarah Palin . When Palin was running for governor in 2006, she ousted long time Alaska fixture Frank Murkowski in a hard fought ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
Issue: Most Americans see 'judicial activism' crisis: Legal experts shocked by results of survey by American Bar Association publication /WorldNetDaily. DFO: Count me among those who believe the judiciary, particularly the federal judiciary and 9 U.S ...

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