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Dryden Sanderson
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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Terrell home equity loans news:
Financial News
ACORN gives GOP new line of attack - Politico.com
It’s the newest charge against Sen. Barack Obama in the presidential campaign: that he worked, as a young community organizer, with a group now involved in voter registration fraud. But while this particular accusation may be new, the group in ...

ACORN Probe Gives GOP New Ammo - AOL
Nevada authorities raided the group's state headquarters Tuesday in connection with a voter-fraud probe. The branch had submitted voter registration forms carrying the names of celebrities such as Tony Romo and Terrell Owens, both members of the ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior White House Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. Friday afternoon in Kettering, Ohio, Sen. Joe Biden, D-Del., took ...

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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