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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
Claiborne home equity loans news:
Financial News
Apple, Chimera, Exxon Mobil, Liz Claiborne: U.S. Equity Preview - Bloomberg
Oct. 24 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading today. Stock symbols are in parentheses, and share prices are as of 9 a.m. in New York, unless otherwise specified. Energy stocks dropped as crude oil fell ...

U.S Market Update - FXStreet.com
- With US bond markets closed for the Veteran's Day holiday and no economic data on the schedule, equity traders seem to be hitching their wagons to some dramatic moves in currencies. US indices fell before the open and extended their declines after ...

A Chat With Columnist (and Now Author) Brian Morton - Baltimore City Paper
Brian Morton has been an award-winning radio reporter, a veteran who served in the U.S. Air Force during the Cold War, a former congressional press secretary, a magician, and City Paper 's Political Animal columnist. Now he can add "author" to his ...

'Muzzled' Biden's Halloween Present: A Press Avail - ABC News Blogs
ABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...

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