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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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Dunn refinance mortgage news:
Financial News
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Builders Applaud Changes To 'Hope For Homeowners' Program - HuntingtonNews.Net
The National Association of Home Builders (NAHB) praised changes to the HUD HOPE for Homeowners program that will allow more distressed home owners to take advantage of the program which was designed to prevent foreclosures and keep families in their ...

Latest News - dBusinessNews.com
Baron International Signs Multi-Outlet Renovation Deal With Applebee's FT. MYERS - Baron International, Inc, a wholly owned subsidiary ... Scott Menaul Opens Menaul Fine Art Gallery in Clearwater, FL Clearwater, FL -- Clearwater, one of the world’s ...

On the move - Santa Rosa Press Democrat
Brett Martinez, president and CEO of Redwood Credit Union in Santa Rosa, was named Board Chairman of the California Credit Union League during its recent annual convention in San Francisco. Click to enlarge Headquartered in Rancho Cucamonga, the ...

Remember 2004? It ain’t over. - Atlanta Journal Constitution
Go vote. As the polls were closing on election day four years ago, I sat with a group of George W. Bush campaign officials and supporters listening to reports of exit polls delivering the bad news. Bush was defeated. John Kerry had won the presidency ...

O'Brien's blog - Atlanta Journal Constitution
The entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...

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