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Baldwin East Rockaway Glen Head Island Park Manhasset Old Bethpage Roslyn West Hempstead
Bayville Elmont Glenwood Landing Jericho Massapequa Old Westbury Roslyn Heights Westbury
Bellmore Farmingdale Great Neck Lawrence Massapequa Park Oyster Bay Sea Cliff Williston Park
Bethpage Floral Park Greenvale Levittown Merrick Plainview Seaford Woodbury
Carle Place Franklin Square Hempstead Locust Valley Mill Neck Point Lookout Syosset Woodmere
Cedarhurst Freeport Hewlett Long Beach Mineola Port Washington Uniondale
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
Nassau mortgage quotes news:
Financial News
College closings rare, but could rise with economic downturn - Globe Gazette
For 15 years, Cascade College in Portland, Ore., struggled to find the fuels that any college needs: students to pay tuition, and donors to help build an endowment. Then came the global economic meltdown, and suddenly that struggle became an ...

Recently in 2010 Category - New York Daily News
How about Christine Quinn for U.S. Senate if Hillary Clinton gives up her seat to become secretary of state? Quinn, the first woman speaker of the City Council, and also the first openly gay person to hold that post, was asked earlier today if she ...

Credit and Debt - Chicago Tribune
WASHINGTON (AP) _ Consumers, taking a beating from the worst financial crisis in seven decades, cut back sharply on their spending in October, pushing retail sales down by a record amount. As President George W. Bush and other world leaders gathered ...

LI housing market still better than most - Long Island Business News
Realtors from Long Island heard a slew of sob stories from other parts of the country at their annual gathering in Orlando last week. While the residential market in Nassau and Suffolk counties has slowed considerably this year, some markets, such as ...

October 2008 - New York Daily News
RIP Studs Terkel . (Man, is that a bummer). John McCain is sure he and Sarah Palin will "fool the pundits one more time." McCain called Obama, Harry Reid and Nancy Pelosi "the tax trifecta from hell." An RNC Web ad portrayed the three Democrats as ...

2008 Financial Crisis - New York Observer
From The New York Times : "However dismal the outlook for Wall Street workers appeared at the end of the third quarter, the situation has gotten worse than most predictions. At the beginning of September, Moody’s Economy.com had predicted that 45 ...

McCain, Obama get personal in final debate - Syracuse Post-Standard
'Sit Down and Shut Up': Advice on making the debate interesting from Slate.com. The site of tonight's debate was once such a GOP stronghold that President Reagan once said, "When a Republican dies and goes to heaven, it looks a lot like Nassau County ...

Indian teen thrown under train for writing love letter - USA Today Blogs
A 15-year-old boy was beaten, mocked and then thrown in front of a moving train Tuesday in eastern Bihar state, according to The Times of India . His crime? Falling in love with a girl from a different caste. "Fifteen-year-old Manish Kumar was ...

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