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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
Greenville mortgage rates news:
Financial News
Family touts debt-free lifestyle - Colorado Springs Gazette
ROCK HILL, S.C. • Travise Smith got fed up with being in debt, and decided to do something about it. The first thing you should know about Travise is this: When she decides to do something, she's hard to stop. Like the time she packed up and moved ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Sound off on Vazquez deal - Atlanta Journal Constitution
The entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...

Government unveils plan to rescue Citigroup - Greenville News
WASHINGTON — The government unveiled a bold plan Sunday to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hundreds of billions of dollars in risky assets. The action, announced jointly by the ...

Seeing light beyond debt - Raleigh News & Observer
Travise Smith, left, and her son Camryn, 9, enjoy the master den of their dream house in York County, S.C. Smith and husband Adrian spent 29 months wiping out debt before building their dream house, as their own contractors. Travise and Adrian Smith ...

The Real World: Life After College - Anderson Independent-Mail
June Reyno is the now-famous California woman who has chained herself to the home that she is losing to foreclosure - the SEVENTH home she's lost to foreclosure, to be exact. Somehow, I just don't think June is getting it. Look, it's one thing to buy ...

October foreclosures up 9% - Newnan Times-Herald
Foreclosures are still up in Coweta County, with 142 appearing in today's Times-Herald legal ads section -- a 9 percent rise over October last year and the fourth-highest number of foreclosures listed in a single month this year. However, there may ...

Time to stop stealing from our future - Atlanta Journal Constitution
I’ve had my differences in recent years with the NYT’s Tom Friedman, but his column this morning nails it: “I can’t remember a presidential campaign that was so disconnected from the actual challenges of governing that will confront the ...

Bob Dole Stumps for Palin - Embeds.blogs.foxnews.com
RALEIGH, NC –Sarah Palin made her last stop in North Carolina at a rally here packed with 5,500 supporters. Before she arrived, former Senator Bob Dole stumped for both his wife and the GOP ticket. Palin thanked the 1996 presidential candidate when ...

Sound Off - Daily Local News
"There has been incorrect information about Barack Obama in attempts to scare people. He is a Christian. He attended Catholic school for a time. The security clearance speculation is outlandish and invites discussion about Todd Palin's membership and ...

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