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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
Montgomery mortgage quotes news:
Financial News
August 2008 - NPR News
"Why must a vision of a post-racial America be devoid of ordinary black Americans? Why must the story of their struggle be silenced?" Author and Columbia University professor Farah Jasmine Griffin helps bring our coverage of the Democratic National ...

Living for Change: Obama and MLK - Common Dreams
The new energies being unleashed by Barack Obama hold great promise. In his person and prose Obama embodies the achievements of the movements of the 20th century and the hope that we can become the change we want to see in the 21st century. To build ...

Should Ron Paul be allowed at Sunday's debate? - Los Angeles Times Blogs
There seems to be a debate going on between Fox News and New Hampshire Republicans over precisely who will participate in this weekend's presidential debate. Rumor has it that online fundraising sensation and Texas congressman Ron Paul and San Diego ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...

Park Slope - New York Observer
Scarpetta chef Scott Conant may be "too modest" to say it , but here's proof that Italian is the new French. Literally, in this case: beloved former French bistro Cocotte in Park Slope is being converted into some type of red-sauce joint, described ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
It's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...

Stock & fund quotes - ninemsn
Housing affordability is at its lowest level in 23 years and the average monthly loan repayment on a typical first home in Sydney has topped the $3000 mark. But with interest rates rising another 0.25 percent, it's not only housing affordability that ...

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