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

Madison mortgage quotes news:

Standard & Poor's cuts rating on Saks - MSN MoneyCentral
NEW YORK (AP) - Standard & Poor's Ratings Services cut its rating for Saks Inc. on Thursday, saying the luxury retailer will likely have a weak fourth quarter as shoppers curtail spending because of the recession. The agency cut its rating on the New ...

Bristol-Myers, Deutsche Bank, Chevron in Court News (Update1) - Bloomberg
Nov. 26 (Bloomberg) -- Bristol-Myers Squibb Co. , Solvay SA and five other makers of drugs for treating menopause symptoms are considering settling claims that their products caused cancer in some women, a lawyer said. Bristol-Myers and Solvay , both ...

Transcript: Color of Money Book Club - Washington Post
Personal finance columnist Michelle Singletary hosted an online discussion with author Laurence Shatkin and editor Sue Pines , the brains behind "150 Recession-Proof Jobs," on Thursday, Nov. 20 at Noon ET . I'm so pleased to have Sue and Laurence ...

Mequon police officer cleared in fatal shooting - Milwaukee Journal Sentinel
Nov. 25, 2008 | Port Washington - Ozaukee County District Attorney Sandy Williams has concluded that Mequon police Officer Brent Smith was justified in shooting Ryan Carey in the driveway of a Mequon home on Nov. 9, according to a news release issued ...

Online Opinion is your chance to tell Keloland what you think. - KELOLAND TV
Click click click—my morning Web surfing leads me to the Sisseton Communities Meeting Place , a fun local blog from our neighbors in northeast South Dakota. I found it through a link on the Watertown Public Opinion's blogroll ... hey! Jon Hunter ...

Keith Richards, Cockroaches, and the Firm of Goldman Sachs - Huffingtonpost.com
The billionaire Warren E. Buffett will invest $5 billion in the investment bank Goldman Sachs, as part of the bank's efforts to raise $7.5 billion in fresh capital, a Goldman spokesman, Lucas Van Praag, said Tuesday. In return, Berkshire Hathaway ...

Decision goes to voters today - Milwaukee Journal Sentinel
Republican presidential hopeful Mike Huckabee, a former Arkansas governor, addresses supporters at a campaign rally Monday at the Wave Bar and Ballroom in Appleton. In what amounted to a series of closing arguments, four would-be presidents raced ...

Fleecing What’s Left of the Treasury - Common Dreams
The lobbyists and corporate lawyers, the heads of financial firms and the crooks who control Wall Street, all those who spent the last three decades assuring us that government was part of the problem and should get out of the way, are now busy ...

Park Slope - New York Observer
Chris Shott. Back of the line, Fifth Street, 10:23 a.m. A whopping 248 voters -- plus children and at least seven baby stollers -- waited in a U-shaped line, stretching from the Fourth Street entrance to PS 51, continuing down the entire block of ...

Archive for December, 2007 - Reality Check
China makes the little voice inside my head nervous. China has surpassed India in having the largest population in the world with no other country coming remotely close to a billion in number. [1] As a matter of fact, the United States claims less ...