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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
Lincoln mortgage quotes news:
Financial News
Nov 30 - Dec 06 (176) - Andrewsullivan.theatlantic.com
If you're like me, you're putting your monthly retirement account statement directly into the trash without opening it. But it could be worse. An Economist writer who taught financial literacy to homeless single mothers noticed something wild : One ...

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 ...

November 2008 - Weblogs.baltimoresun.com
In an analysis of TV journalism on Wednesday night, I wrote that a red-ball event like the terrorist attacks in Mumbai often provided a great look into a news oganization. But in expressing my dismay at the way MSNBC couldn't let go of the comedic ...

Stock & fund quotes - ninemsn
HONG KONG, Nov 13 (Reuters) - Asian shares fell on Thursday to their lowest this month on uncertainty about the U.S. Treasury's banking rescue plan and signs the global financial crisis biting deeper in Asia. Japan's Mizuho Financial Group 8411.T ...

Like Abe and FDR, Obama faces crises - Northwest Herald
WASHINGTON (AP) - All presidents are tested. Few walk into the Oval Office when the nation is in the throes of multiple crises. Like Franklin Delano Roosevelt, President-elect Obama is facing a banking emergency. Like Abraham Lincoln, Obama is trying ...

What can John McCain do? - Atlanta Journal Constitution
Barack Obama enters the final week of the presidential campaign with supporters and the media propelling the inevitability of his coronation a week from Tuesday. What can John McCain do? He has six work days and a weekend to convince the nation that ...

Edward M. Gomez - San Francisco Gate
Alas, the pesky truth has a peculiar way on intruding on the government war-makers' game. So it was that, this week, British Defense Secretary John Hutton "acknowledged" that Brown's government "needed to restate the argument that Britain's presence ...

Category: Global - Lincoln Journal Star
Keeping up with the Joneses getting pricier all the time -- at least when it comes to furnishing students with laptops. Almost 500 Westside Middle School students received their free laptops this week. Yep. they were Macs, of course. (Macs apparently ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

Palin: I'm not a 'bubble-head' - Boston Globe
In the new People magazine, Sarah Palin hits back at portrayals of her as something of a dim bulb. While she couldn't name a newspaper or magazine she reads when Katie Couric of CBS asked her, Palin said she has always been a "voracious reader." "You ...

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