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

Grant mortgage rates news:

Crisis may lead to low mortgage rates - Boston Globe
WASHINGTON - There are few bright spots for consumers who have seen the Standard & Poor's 500 index drop more than 30 percent this year. Lower mortgage rates may be one of them. A nationwide survey of consumer credit rates showed 30-year fixed-rate ...

Lower Mortgage Rates May Be Silver Lining in Turmoil (Update2) - Bloomberg
Oct. 8 (Bloomberg) -- There are few silver linings for consumers who have seen the Standard & Poor's 500 Index drop more than 30 percent this year. Lower mortgage rates may be one of them. A nationwide survey of consumer credit rates showed 30-year ...

Lower Mortgage Rates May Be One Silver Lining in Market Turmoil - Bloomberg
Oct. 8 (Bloomberg) -- There are few silver linings for investors who have seen the Standard & Poor's 500 Index drop more than 31 percent this year. Lower mortgage rates may be one of them. A nationwide survey of consumer credit rates showed 30-year ...

Fannie, Freddie, and the Left - Front Page
As evidenced by Barack Obama ’s rise in the polls immediately following the financial collapse of mortgage giants Fannie Mae and Freddie Mac, few Americans understand that for many years Fannie and Freddie have been, first and foremost, tools of ...

Extended interview: Alistair Darling - Channel 4 News
Smacking ban fails without vote 110,000 facing student grant delay Saver pledge freezes out councils The real effect of the bailout Rates cut bid to boost confidence After the collapse of the US sub-prime mortgage market, the global economy is in the ...

AMP backs NZ companies to ride out credit crisis - National Business Review
Despite the ongoing global credit crisis and tumbling share prices across the globe, New Zealand listed companies looked healthy, AMP Capital Investors said today. New Zealand's market had had a tougher start to the year than others, but had ...

Ten tips for distressed landlords - Times Online
LANDLORDS coming to the end of cheap two-year fixes face payment shocks of almost £300 a month on a typical £150,000 mortgage, as house prices fall and lenders pull their competitive deals. The number of buy-to-let mortgages shrunk by almost a ...

How and Why the Federal Government Created the Mortgage Meltdown - ChristianNewsWire
OAKLAND, Calif., Oct. 7 / Christian Newswire / -- We are experiencing one of the worst financial upheavals of the post-WWII era, driven primarily by a vast increase in the number of mortgage defaults. But why did the mortgage market meltdown so badly ...

More interest rate cuts tipped in bid to avert recession - News.com.au
THE Reserve Bank of Australia is set to keep cutting interest rates in an attempt to prevent the national economy from plunging into a recession. Leading economists said they expected more interest rate action even after the Reserve shocked the ...

Homeowners' relief as mortgage costs fall - This is Money
It came after the Bank of England cut its rates from five per cent to 4.5% at noon in a shock move 24 hours ahead of its scheduled decision. Central banks around the world also dropped their rates today in a coordinated move to prevent a global ...