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Officials: Levee system should be protected - Monroe News StarOfficials: Levee system should be protectedMonroe News StarIf the US Army Corps of Engineers decertifies the Tensas Levee system, it will lose its Federal Emergency Management Agency accreditation, ...and more »
High water prevents Ouachita levee inspection - WXVTHigh water prevents Ouachita levee inspectionWXVTThe corps' Joe McFarland told the Tensas Basin Levee District board on Tuesday that five or six dry days are needed before inspectors can drive on the ...and more »
And what if they failed? - Monroe News StarAnd what if they failed?Monroe News StarIt's a question that everyone in the Tensas Basin Levee District might ask themselves. That's why flood scares like those this area weathered in recent ...and more »

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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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