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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
Harrison home equity loans news:
Financial News
Graduates’ burden: Student-loan payments - Las Vegas Sun
Tiffany Brown Eric Jones, 24, who graduated two years ago from The Art Institute of Las Vegas, will likely be paying on his student loans until 2032. Jones, a graphic artist, says he would have considered less expensive ...

Small town is jolted by allegations of fraud: Claremont resident is ... - TradingMarkets.com
"This is agent Shawn Pruett with the N.C. Secretary of State's office," the woman recalled hearing. "Do you have money invested with J.V. Huffman? We've got him for fraud." "I started shaking so bad, it was like I was having a seizure," said the ...

November 2008 - Weekly Standard
The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...

Eaton Vance, Deerfield Sell Loans, Unwind Saps Credit (Update2) - Bloomberg
Oct. 23 (Bloomberg) -- Eaton Vance Management, Deerfield Capital Corp. and Babson Capital Management LLC are being forced to dump their loan investments as prices tumble, sparking even more selling and causing borrowing costs to rise. Investors sold ...

Borse Dubai May Pay More for Credit Swap-Linked Loans (Update1) - Bloomberg
Nov. 12 (Bloomberg) -- Borse Dubai Ltd., the Gulf emirate's state-owned operator of exchanges, is in talks to refinance $4.2 billion of loans at interest rates tied to the price of credit- default swaps, raising the cost of the debt, said three ...

News & Features Navigation - Minnesota Public Radio
Photo: #Larry Hiscock, executive director of the Harrison Neighborhood Association, stands next to Nelima Sitati. Harrison is one of the 18 neighborhoods included in the Minneapolis Advantage target area. The neighborhood already offers incentives to ...

HARRISON SMITH/TORONTO STAR FILE PHOTO - Toronto Star
We all need it. Many of us can't stop thinking about it. And one in eight of us makes a living from it. It's food. And Toronto's Medical Officer of Health Dr. David McKeown believes it's the perfect starting point to begin addressing important social ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. It’s not just the middle class that has money worries. Even the affluent are worrying about running out of cash. American Express Publishing and Harrison Group ...

Road to recession - Belfast Telegraph
It began with the banks. Then house prices began to tumble. In the months that followed, the shock waves spread, engulfing first high streets, then factories – and thousands of jobs. In this gripping account, Paul Vallely travels across Britain to ...

State Universities Get A's For Affordability In Perilous Economy - Hartford Courant
Courtney Bovee's college choices are lined up on a spreadsheet, tracking the crucial details. The Berlin High School senior is considering the University of Connecticut and several private schools: Bentley College, Northeastern University, Bryant ...

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