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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
Grant mortgage rates news:
Financial News
Banks earn $225,000 a day by keeping credit card rates high - News.com.au
THE big banks are earning nearly $225,000 a day by refusing to deliver the Reserve Bank's interest rate cut to thousands of credit card customers. The major banks have not reduced credit card rates, despite the rush to slash home loan and mortgage ...

Mortgage relief at last, if the banks play ball - News.com.au
THE Rudd Government and homeowners can today look forward to the first piece of good interest rate news in more than seven years - a 0.25 per cent cut. And the Government last night prepared for the long-awaited rates cut by pledging a $76 billion ...

Munich Re May See Higher Rates, Profits in Wake of 2008 Storms - Bloomberg
Sept. 5 (Bloomberg) -- The worst hurricane season in three years improves the odds that Munich Re and Swiss Reinsurance Co. , the biggest reinsurers, can raise rates and profit next year. Hurricane Katrina, which devastated New Orleans and socked ...

Associations win grant rates battle - InsideHousing
Housing associations are to be offered more generous government grants in a bid to keep them building through the housing market crisis. The Communities and Local Government department this week announced plans to deliver 5,500 more social homes over ...

Expert Group, Inc. Opens September With Over $8 Million in Loan ... - MSN MoneyCentral
Expert Group, Inc. (PINKSHEETS: EXPT) is pleased to announce that the Company opens September with over $8 million in loan originations. Expert Group has been experiencing a growth in mortgage applications mainly with FHA and Commercial loans. Loan ...

Knesset C'tee: Banks to Provide Housing for Mortgage Defaulters - Arutz Sheva
Banks will not be able to evict mortgage-defaulters without having first made sure that the evictees have alternative housing. The Knesset Law Committee has approved for its final Knesset readings a proposed bill that will change the system by which ...

U.S. Senate fight likely a Shaheen-Sununu rematch - Fosters Daily Democrat
So long as things go as planned by their respective parties, U.S. Sen. John Sununu and former Gov. Jeanne Shaheen will face off for a second time Nov. 4. Sununu, a Republican, narrowly beat his Democratic opponent in 2002, when she was coming off six ...

Bill Gross' Bond With Cramer - CNBC
Pimco bond guru Bill Gross has written another love letter to our own Jim Cramer. In his monthly “Investment Outlook” column for Pimco, Gross praises Cramer for his mantra, “There’s always a bull market somewhere.” Gross is a fan of Mad ...

European Stocks Drop Most in Seven Weeks; Banks, Siemens Fall - Bloomberg
Sept. 4 (Bloomberg) -- European stocks tumbled the most in seven weeks after European Central Bank President Jean-Claude Trichet said policy makers remain focused on inflation even as the economy slows. Barclays Plc slumped 6 percent and Banco ...

Proudly Voting For McCain-Palin, Not Just Against Obama-Biden - And ... - Chattanoogan
Last night I, along with almost 38 million other Americans, watched Sarah Palin deliver the best political speech I have ever heard. Arguably, Barak Obama can give a good speech; but Sarah Palin's sincerity, wit and command of the issues has ...

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