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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
Dawson home equity loans news:
Financial News
Tough economy: Here's how Bakersfield folks would solve the nation's ... - Bakersfield Californian
The teetering economy and its see-saw riders, fear and uncertainty, have made for interesting times, and it’s hard to know what will happen next. Debbie Moreno, president and chief executive, Greater Bakersfield Chamber of Commerce. Photo by Felix ...

Battered Wall Street slips on weak data - Rocky Mountain News
NEW YORK — Wall Street retreated in another turbulent session today, as investors refrained from making big bets in a volatile market battered by a stream of weak economic data. The market, which has closed lower in four of the past five sessions ...

EU Proposes Stricter Bank Capital Rules Amid Crisis (Update3) - Bloomberg
Oct. 1 (Bloomberg) -- European Union banks will have to hold more capital for asset-backed bonds as part of a regulatory overhaul proposed today in response to the worst financial crisis since the Great Depression. Charlie McCreevy , EU financial ...

Boston Private Financial Holdings, Inc. Announces Third Quarter ... - StreetInsider.com
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH ) today reported a third quarter GAAP loss of $273.4 million or $5.92 per share. This was the result of non-cash charges totaling $227.0 million, net of tax, with an impact of $4.45 per share, and ...

Erie County Real Estate Transactions - Buffalo News
• 1790 Countyline Road, Kathleen Petschke; Dennis E. Petschke to Jennifer A. Wetzler; Darren M. Wetzler, $187,000. • 11716 Boncliff Drive, Arthur W. Wolski to Joseph M. Grimaldi; Jill M. Babinski, $146,000. • 2183 Townline Road, Sharon Schmidt ...

Four at Four: Call a Tow Truck - Wall Street Journal
This car now belongs to all of us. There’s a giant cloud hovering over the markets, and it’s leaking oil and has a bit of a knocking sound . In a world dominated by technology and complicated financial transactions, it has become clear that the ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. "Reminder: These are for staff only and not for distribution," warns ...

RSS Feed: Local News - Tracy Press
Just when I thought the presidential race was about to heat up in a good way, I learn that there are a few people out there who can’t stand the heat and just need to get out of the kitchen. It’s sickening how the John McCain/Sarah Palin double ...

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