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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.
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Lincoln mortgage quotes news:
How to turn yourself into a model borrower - Times OnlineHow easy life used to be. Need to raise money? Take out a loan. Fancy a second home in the country and need a mortgage? No problem. Not any more. The global financial crisis has brought an abrupt end to the days of cheap credit. Banks and insurers ...
Across State Lines - Austin ChronicleThe over-the-weekend announcement from the John McCain campaign that the gloves are off between him and Barack Obama (what, so practically accusing Obama of wanting to molest your kids is just beanbag?) has already reaped odious rewards – see the ...
Obama Attacks McCain As 'Risky,' 'Erratic' - ABC News BlogsABC News' John Berman, Sunlen Miller, and Ursula Fahy report: Barack Obama described John McCain as risky, erratic, and uncertain, and that was all just in his first event of the day. Obama has had no shortage of critiques of McCain in recent weeks ...
John McCain best man for job - Daily ChronicleJohn McCain has suspended his “Country First” Campaign in order to get back to Washington to help solve the “financial crisis.” Because Barack Obama is not all that eager to stop campaigning, I think his campaign ought to be titled “Obama ...
Political Punch - ABC News BlogsJake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. On Monday the Obama campaign will start hitting Sen. John McCain, R ...
October 2008 - Kansas City Star BlogsIs anyone else disappointed and outraged? The two presidential candidates both told us in their last debate that earmarks and pork-barrel spending must be stopped. Then, only a few days later, they voted to pass the bailout bill that is full of it ...
McCain, Obama clash over causes, cures of crisis | POLL - Evansville Courier-PressSee the results without voting » . NASHVILLE, Tenn. — Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping ...
Who Won Tuesday’s Presidential Debate? - Wall Street JournalJohn McCain called for a $300 billion program to help financially troubled homeowners stay in their homes during the second presidential debate. He used the nationally televised Town Hall-style encounter with Barack Obama to unveil the government ...
Not "The Senator," But "That One" - NationThe proper, respectful and appropriate description for an foe in a debate between two senators is "the senator" or -- if there is a desire to get flowery -- "my distinguished colleague." But Arizona Senator John McCain, who after a quarter century on ...
Election 2008 - Weekly StandardRepublican senator Saxby Chambliss will face a much tougher battle than previously expected in his reelection bid in Georgia, according to recent polls. Chambliss leads former state representative Jim Martin by only three points in a Strategic Vision ...
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