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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Milwaukee home equity loans news:

Citigroup May End Up With U.S. Government Rescue (Update1) - Bloomberg
Nov. 22 (Bloomberg) -- The U.S. government may step in to rescue Citigroup Inc. after a crisis in confidence erased half the bank’s stock-market value in three days, according to investors and analysts. Citigroup’s $2 trillion of assets dwarfs ...

Citigroup May End Up With Government Rescue After Stock Skids - Bloomberg
Nov. 22 (Bloomberg) -- The U.S. government may step in to rescue Citigroup Inc. after a crisis in confidence erased half the bank’s stock-market value in three days, according to investors and analysts. Citigroup’s $2 trillion of assets dwarfs ...

Milwaukee-area vehicle sales down 20% in October - Milwaukee Journal Sentinel
Nationally, October's new vehicle sales were down 32% in October. In the four-county Milwaukee area, sales of new cars dropped 19% and sales of new trucks dropped 20% from October 2007 levels, according to figures released by the Automotive Dealers ...

Miller Electric to eliminate 95 jobs - Milwaukee Journal Sentinel
Nov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...

Chrysler Canada seeks $1-billion - Globe and Mail
Darren Moore from Belleville, Canada writes: "Chrysler Canada spokeswoman Mary Gauthier would not comment on the company's $1-billion request to the Canadian governments." They'll unabashedly ask us - you and me - for money, but they won't talk to ...

What The TARP Can't Cover - Forbes
Euphoria over Henry Paulson's plan for a $250 billion capital infusion into U.S. banks will be jolted by reality later this week when financial firms begin reporting what are expected to be ugly third-quarter numbers. JPMorgan Chase (nyse: JPM - news ...

Harley's $35,000 Cruisers Caught in Credit Crunch (Update3) - Bloomberg
Oct. 15 (Bloomberg) -- Advertisements that Harley-Davidson Inc. has been running on the Web since May say to forget the recession and buy a bike. ``Screw it,'' says an ad for the largest U.S. motorcycle maker. ``Let's ride.'' The credit crunch means ...

Citigroup's Pandit Doesn't Plan to Break Up Company (Update4) - Bloomberg
Nov. 21 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit told employees he doesn't plan to break up the company, aiming to reassure workers as the stock resumed a skid that has erased more than half its value in three days. Pandit ...

When it comes to venture capital, Milwaukee needs a new mindset - Biz Times
Many of Milwaukee’s largest companies were built a century ago by independent, self-reliant entrepreneurs, many of whom financed their companies themselves. If they needed additional capital, those entrepreneurs often turned to family and friends ...

Credit Crunch Hits Home: Some Can't Keep Up With Equity Lines Of ... - Insurance News Net
Mar. 31--A growing number of homeowners are falling behind on their monthly payments for home equity lines of credit, yet another complication for banks and consumers from the weak housing market and slowing economy. Wisconsin banks wrote off as bad ...