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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
Cotton mortgage rates 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 ...

Fewer Kings County people living in poverty - Hanford Sentinel
Kings County's poverty rate last year took a sharp nose dive from 21.6 percent to 15.1 percent, one of the steepest drops in decades, according to 2007 census data released this week. A surge in farmwork hiring has pushed down what was once a ...

The socially responsible sovereign wealth fund - Salon
Those of us who watched, attentively, John Kerry's acceptance speech at the 2004 Democratic convention and his speech at this year's convention in Denver can be excused for wondering what alternate reality we slipped into between campaign years. In ...

De Beers bends the knee to Botswana - Salon
Much fun is being had with the revelation that Republican vice-presidential nominee Sarah Palin was a member of the Alaskan Independence Party for two years during the '90s, before she joined the Republican Party and began her awesome ascent to power ...

Reports: Fannie Mae and Freddie Mac to be seized - USA Today Blogs
Top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, have been informed that the federal government is preparing to seize the two companies, dismiss top executives and place them in a conservatorship, according to reports in The ...

Latest Rumors - allhiphop.com
You know I was a big fan of Big L and Big Pun – well I still am. From what I heard, there is a Big L documentary coming. In this documentary, I heard there is footage of him and Big Pun together. Now, this is the strange part. I heard that in an ...

Coming Soon: SR to Release E-mail Exchanges ... (Not so fast...) - Spokane Spokesman-Review
Of the 50 messages, a few have explicit photos embedded in the message. We can't publish those photos (one shows a toddler's penis). We also have a strong ethical policy against blurring or otherwise manipulating photos. Some of the messages are ...

Epidemics and Plagues - Baltimore Sun
High tide brought a fresh mystery and an old problem to New Jersey over the weekend when medical materials washed ashore on a beach. Between 100 and 200 needles of the type used for IVs, along with cotton swabs and pill casings, were found Saturday

Hillary's Nasty Pastorate - Common Dreams
There's a reason Hillary Clinton has remained relatively silent during the flap over intemperate remarks by Barack Obama's former pastor, Jeremiah Wright. When it comes to unsavory religious affiliations, she's a lot more vulnerable than Obama. You ...

Edwards First Major Candidate Calling for All Troops Out, Breaks with ... - Common Dreams
One day before the Iowa caucuses, John Edwards has become the first major presidential candidate to favor withdrawing all American troops, including advisers, from Iraq, doing so in response to queries from a leading military correspondent, the New ...

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