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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
Sussex home equity loans news:
Financial News
The Green Shaft oil boom is about to hit Ontario. - Globe and Mail
r b from Calgary, Canada writes: Knees are knocking - but not at CPC headquarters. The Liberal brass has worked feverishly to shammy up Dion, and the feeling is that this is as good as he is going to be. And they are absolutely terrified of that fact ...

Original Watch URL: - Milwaukee Journal Sentinel
Michael G. Carter has been named vice president and chief financial officer of Northwestern Mutual Life Insurance Co., the Milwaukee-based insurer said today. Carter, who was head of the company's Policyowner Services Department, joined Northwestern ...

Mills - McCartney - Part 2 - Herald
55.Her expenditure from October 2006 to December 2007 totalled £3,715,683 made up as to £2,996,159 personal expenditure, £682,425 business expenditure, and £37,099 cash expenditure. Within the figure for personal expenditure is the payment of her ...

Mills - McCartney judgment in full - Part 1 - Herald
1. This final hearing concerns the application by Ms Heather Mills/Lady McCartney ("the wife") for financial provision against Sir Paul McCartney ("the husband"). 2. The hearing took place over six days between 11 and 18 February 2008. The wife ...

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