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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
San Jacinto home equity loans news:
Financial News
National housing crisis exacting heavy toll in Riverside County - Riverside Press Enterprise
Riverside County remains at the forefront of the national housing crisis with thousands of homeowners in the unenviable position of owing more to the bank than their homes are now worth. Four of the top 20 ZIP codes in the nation with the highest ...

Bank of America Announces Customer Disaster Relief Program in Wake of ... - PR Newswire
HOUSTON, Sept. 17 /PRNewswire/ -- Bank of America today announced its disaster relief program for 29 counties in Texas and 14 parishes in Louisiana that have been most heavily impacted by Hurricane Ike. (Logo: http://www.newscom.com/cgi-bin/prnh ...

BUYINS.NET: (PRSP) SqueezeTrigger Price is $31.727. There is $162,941 ... - TMCnet
BUYINS.NET / www.squeezetrigger.com is monitoring Prosperity Bancshares Inc. - Common Stock (NASDAQ:PRSP) in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

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