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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
Calvert home equity loans news:
Financial News
Microfinance Fever - Forbes
Maria Guadalupe Licona, of Tulancingo, Mexico needed to expand her herd. So she borrowed $100 for six months from a microlender that charges on average 40% interest and purchased additional sheep and pigs. The money came from somebody like J. Alex ...

Need to know: Fyffes on the rise ... TNS deadline extended ... BT raid - Times Online
Housing market New construction orders fell by 22 per cent in the three months to July, compared with the previous quarter. Private housing orders in the year to July fell 24 per cent from the previous 12 months, while infrastructure orders rose by ...

Home Value Highwire - WTOP Radio
How Is The Financial Crisis Funneling Down To The Housing Market? WASHINGTON - How is the financial meltdown impacting the local housing market? Long and Foster Real Estate Agent Ron Sitrin is concerned about the impact of all the doom and gloom. "Of ...

September 2008 - Weblogs.baltimoresun.com
In a recent interview, I posed some questions to Barry West, Sprint Nextel's chief technology officer (and head of their mobile wireless broadband network called XOHM about how their new network will handle heavy-duty Internet applications. As an ...

Today in the Sky • - USA Today Blogs
• The Senate is scheduled to vote on the $700 billion bailout/rescue/ransom/guarantee rejected by the House. But as noted below, the Senate package will include a tax cut the House already voted down. • Long list of economic reports to throw ...

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