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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.
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Boise mortgage loan news:
Your business community: Treasure Valley movers and shakers - Idaho StatesmanHome Federal Bank President and CEO Len Williams has announced the promotion of Debra L. Hodge to senior vice president and director of human resources. She succeeds Denis Trom, who retired at the end of year. Hodge has nearly 15 years of experience ...
Citigroup agrees to allow judges to help modify some mortgages - Idaho StatesmanRates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking the data nearly 28 years ago. Freddie Mac reported Thursday that average rates on 30-year fixed mortgages ...
Overdue Thrift Imperils Recovery Hopes - Smart MoneyBOISE, Idaho (Dow Jones) -- Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have started buying children's clothes at steep markdowns ...
Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic ... - Wall Street JournalBOISE, Idaho -- Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have started buying children's clothes at steep markdowns, splitting ...
Conspiracy of Silence: Wage Collapse Caused Crisis - Huffingtonpost.comEvery day, there is another example of the conspiracy of silence that pervades the traditional media's description of the current economic crisis. Sure, de-regulation, greed and pure stupidity has a lot to do with it. But, in truth, the underlying ...
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