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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
Bedford mortgage quotes news:
Financial News
'Vultures' circle Wall Street, but they hesitate to feed - Salt Lake Tribune
NEW YORK - When financial panic sweeps Bedford Falls in the 1946 movie ''It's a Wonderful Life,'' the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar. ''I may lose a ...

Prospero’s Island? - Inside Higher Ed
We reached the island on the morning of Labor Day, as the last of the vacationers were closing up their summer rentals; they caught the afternoon ferry back to New Bedford. At peak times, there may be 300 people on Cuttyhunk. It is a tiny island with ...

Polls predict Obama will turn NH blue - Nashua Telegraph
That's what two independent polls concluded at the end of the week, with Saint Anselm College's Institute of Politics and Rasmussen surveys giving Sen. Barack Obama a commanding double-digit lead. St. A's has Obama beating Republican Sen. John McCain ...

The Day the Constitution Died - Shelbyville Times-Gazette
FDR referred to the attack on Pearl Harbor, Hawaii on December 7th, 1941 as "a day that will live in infamy." I fear that same phrase can, and may, be used by future generations to describe November 4th, 2008. Lest this sound overly dramatic and ...

Local swingers think life is a bowl of cherries, but Duncanville wants ... - Dallas Observer
The Trinity River Project should be floating right along. Instead it's sinking under the weight of its own folly. His resolve eroded, ego fed to the furnace and suicide notes written, Greg Williams is a trigger pull from eternal mute. He is besieged ...

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