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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
Sumner refinance mortgage news:
Financial News
Jeremy Warner: Bankers adopt can't lend, won't lend approach - The Independent
Revealed: Labour's £37bn stealth spending cuts Hamish McRae: Top-rate tax may not raise a penny Website error reveals Darling was planning to raise VAT 'Old Labour' is back, say business leaders Britain risks deflation unless banks start lending ...

American Tower's profit increases in third quarter - Boston Globe
Boston-based American Tower Corp. , which owns wireless communication towers, said third-quarter profit rose 2 percent on tower revenue growth. Earnings increased to $60.5 million, or 15 cents per share, compared with $59.6 million, or 14 cents per ...

Financial Experts Chat With Viewers - KCTV 5
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