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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
Roosevelt home equity loans news:
Financial News
September August July June May April March February January 2007 - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

St. Paul Was in Minneapolis Last Night - New York Times Blogs
That was a line spoken yesterday by Doug Wead at a political convention in Minnesota. The first “St. Paul” he mentioned was the city where the G.O.P. is holding its convention; the second one is Ron Paul , leader of the “constitutionalists ...

Roll Back the Reagan Tax Cuts - Common Dreams
Our bridges are falling apart (among other things), and its Ronald Reagan's fault. A few hours before the bridge collapsed in Minnesota, a news release landed (among hundreds) in my email inbox. It was from the right-wing "Heartland Institute" and a ...

Don't Cry for Me, America - Common Dreams
Mexico. Brazil. Argentina. Mexico, again. Thailand. Indonesia. Argentina, again. And now, the United States. The story has played itself out time and time again over the past 30 years. Global investors, disappointed with the returns they're getting ...

the chat room - Slate
Emily Bazelon and Christopher Beam field questions about Obama's acceptance speech and McCain's veep choice. posted Aug. 29, 2008 Upsetting the Apple Cart Farhad Manjoo takes readers' questions about flawed iPhones and Steve Jobs' other recent ...

The Housing Nightmare Hits Main Street - US News and World Report
One domino toppling the next. It's been a convenient metaphor for how troubles in the American subprime mortgage market have cascaded into a global financial mess. Rising interest rates collapsed the housing bubble, which caused a wave of subprime ...

1992 Republican Party Platform - CNN
1992 Republican Party Platform Preamble Uniting Our Familyl Family: The Home of Freedom For Healthier Families AIDS Older Americans Promoting Cultural Values Individual Rights, Good Homes and Safe Streets Ending ...

Forecast unsettled, despite Darling’s upbeat demeanour - Sunday Herald
THIS WEEK, the chancellor will re-launch the government's claim that it is economically competent when he will try to cure the catastrophe of 2007 by ensuring it won't happen in 2008. This isn't routine economics: normally you either prevent a crisis ...

Banks leave their customers out in the rain without an umbrella - Sunday Herald
THERE'S AN old saying about the banks: they give you an umbrella when the sun is shining and then take it away when it starts to rain. That's exactly what the banks are doing right now. When house prices were going up and up they handed out 125 ...

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