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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
Medina mortgage quotes news:
Financial News
Recount Thursday: Al crows while Norm burns - Minnpost.com
Reporters bone up on their recount math as Norm Coleman's margin drops to 236 . The PiPress notes the numbers will continue to fluctuate; counties re-add their results through Monday, and there's an ongoing, non-recount-related audit of 202 randomly ...

203,289 have voted early in Northeast Ohio - Cleveland Plain Dealer Blog
Click here to download this graphic on advance voting for the presidential election (pdf). Already one in 10 registered voters in Northeast Ohio has cast a ballot for president, local candidates and tax issues on Nov. 4 ballots. Numbers supplied by ...

Still no Medical Records from Palin; What's the Hold Up? - ABC News Blogs
ABC News Kate Snow reports: Governor Palin's campaign still has not released any information regarding her medical records despite frequent requests from the news media and the campaign's own assertion that they would release this information soon ...

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