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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
Obrien mortgage loans news:
Financial News
Voters still heading to polls - Scranton Times
As Pennsylvanians cast their ballots in the culmination of one of the longest, most intense presidential campaigns in history, the outcome could be riding on their decision, with some analysts predicting that as the Keystone State goes, so goes the ...

Still no Medical Records from Palin; What's the Hold Up? - ABC News Blogs
ABC News Kate Snow reports: Governor Palin's campaign still has not released any information regarding her medical records despite frequent requests from the news media and the campaign's own assertion that they would release this information soon ...

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