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News about Mortgages:
Yes, you can buy a home - Boston GlobeYes, you can buy a homeBoston Globe“There is a perception out there that it is impossible to get a loan,” says John Battaglia, president of Cambridge Mortgage Group in Hingham. ...
How about $200000 for a degree? - BBC NewsBBC NewsHow about $200000 for a degree?BBC NewsWhile families are having to take out the equivalent of another mortgage, there are other consequences for universities. How can they find the best students ...and more »
(BOE) The UK Economy after the Crisis: Monetary policy when it is not so NICE - Forex Hound(BOE) The UK Economy after the Crisis: Monetary policy when it is not so NICEForex HoundIn a speech in London today to alumni of Cambridge University, Charles Bean – Deputy Governor for Monetary Policy and member of the Monetary Policy ...and more »
BRICs Rally Slows Amid Highest Valuations Since 1995 - BusinessWeekBRICs Rally Slows Amid Highest Valuations Since 1995BusinessWeekEmerging-market stock funds lured $86.6 billion in the year through January, the most in 14 years of data, according to Cambridge, Massachusetts-based ...and more »
York County deed transfers for March 18 - York Daily RecordYork County deed transfers for March 18York Daily Record353 Bruaw Drive, Manchester Twp.: Richard D. Baker Jr. and Sheriff Richard P. Keuerleber to US Bank National Association and Structured Asset Mortgage ...
Gazit America announces its 2009 fourth quarter and year end results - Trading Markets (press release)Gazit America announces its 2009 fourth quarter and year end resultsTrading Markets (press release)The shares were acquired for approximately $3.1 million in cash and the assumption of a $7.8 million first mortgage at 5.76% that matures in September 2014. ...and more »
Bank of England fretting about 'zombie households' - Telegraph.co.uk (blog)Telegraph.co.uk (blog)Bank of England fretting about 'zombie households'Telegraph.co.uk (blog)That, at least, is one of the lines buried away in his speech to Cambridge Univerisity alumni last night, which is well worth reading in its entirety. ...and more »
Federal Reserve pledges to keep interest rates low - The GuardianWashington PostFederal Reserve pledges to keep interest rates lowThe GuardianIn London, Charlie Bean, deputy governor of the Bank of England, struck a cautious note about the outlook for the economy in a speech to alumni of Cambridge ...Dollar falls as Fed says interest rates stay lowTimes Onlineall 3,481 news articles »
Lake County Property Transfers - Lake ForesterLake County Property TransfersLake Forester15 1116 Cambridge Drive, Philip C Theodorou to Stefanie Anastasia, $180000, Feb. 17 18098 W Big Oaks Road, Federal Home Loan Mtg Corp to William W Swanson, ...
Secretary Chu Op-Ed on Energy Efficiency from the World Economic Forum - R & D MagazineSecretary Chu Op-Ed on Energy Efficiency from the World Economic ForumR & D MagazineBy US Department of Energy Washington, DC -- An op-ed by Secretary Steven Chu appears in a new report by the World Economic Forum and IHS Cambridge Energy ...and more »
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