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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
Cass mortgage quotes news:
Financial News
Undernews: Rezko Alert - Slate
Note to Cass Sunstein and internet alarmists who argue that the Web results in partisans who listen only to their own facts, reinforcing their extreme opinions, etc.: A Daily Kos blogger is refuting the Kos -fueled Palin-baby rumor with a photo found ...

To: news@ctv.ca - Globe and Mail
Your behaviour surrounding the interview with Mr. Dion has been disgraceful. Your interviewer asked a total botch of a question, and when asked to clear it up merely repeated it. Your guest showed enough respect to try to find out what the ...

item immediately below - Slate
Does MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...

St. Elizabeth, Mythmaker - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

McCain's Small Victory - Slate
Stunt Gridlock ? This week's obvious game-changin' stunt for McCain to pull would be opposing the bailout bill , as Dick Morris advises.** But McCain probably can't pull that stunt because of Last Week's Stunt , which involved McCain dramatically ...

September 2008 - Kansas City Star Blogs
Where’s the deterrence preventing lowly accused criminals like Brandon Smith and Claude Sterling from killing valuable citizens like Devin Cassidy? (9/23, Local,”.‘ She’s touched a lot of people’; Family and friends remember Devin Cassidy ...

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sources: informars.com, erate.com, Freddie Mac
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