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Today's Mortgage Terms starting with L

Lender:

The bank, mortgage company or mortgage broker providing the loan.

Loan Application:

A statement of personal and financial information needed to apply for a loan.

Loan Application Fee:

A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.

Loan Origination Fee:

Fee charged by a lender for the administrative costs of processing a loan.

Loan to Value Ratio (LTV):

The balance of the mortgage outstanding as a percentage of the home's price.

Lock or Lock In:

A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.

View all Terms
Glynn mortgage rates news:
Financial News
October 2007 - Times Union Blogs
TV viewers will have plenty to watch tonight if they are interested in state politics. Should we call it “Tangling with the Pols?” Tonight at 6 pm, CNN’s Lou Dobbs is back on the Spitzer drivers license beat with Senate Majority Leader Joe ...

Stock market rout resumes - Globe and Mail
The problem isn't liquidity but trust. Banks won't trust each other's collateral, so they won't lend, instead keeping up their cash reserves. Solve the trust problem Paulsen et Al. Hire an army of people to access the banks book, and start the ...

Congress compromise strives to ‘mollify voters' - Globe and Mail
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the ...

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