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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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Titus home equity loans news:
Financial News
N.S. lobster fishermen block shipments in price protest - The Chronicle Herald
Digby Neck lobster fisherman Bruce Titus said there was no way he would let this lobster hauling truck from Yarmouth board the ferry Princess of Acadia at Digby on Monday. (BRIAN MEDEL / Yarmouth Bureau) DIGBY — Frustrated lobster fishermen managed ...

Marin money managers counsel panicked clients to ride out the storm - Marin Independent Journal
Harry Scholten watches the television reports of the stock market performance Friday as he works out at the Meridian's Bodies in Motion health club in San Rafael. (IJ photo/Jeff Vendsel) As the Dow bucked its way to its eighth consecutive decline ...

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