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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
Henrico mortgage rates news:
Financial News
Deal dead; firm’s future precarious - Richmond Times-Dispatch
There is no Thanksgiving for LandAmerica Financial Corp. this year. The corporate shell that was to have transferred the venerable Henrico County-based insurer to a Florida competitor was to be called Thanksgiving Corp. The Nov. 7 merger agreement ...

Deal dead; firm's future precarious: Henrico-based insurer stung by ... - TradingMarkets.com
The corporate shell that was to have transferred the venerable Henrico County-based insurer to a Florida competitor was to be called Thanksgiving Corp. The Nov. 7 merger agreement with Fidelity National Financial Inc. had offered LandAmerica a way ...

Va. economy still weakening - Inrich.com
A report about the Virginia economy released yesterday paints a bleak picture: record mortgage delinquency rates and continued declines in manufacturing employment. During the second quarter, the percentage of delinquent mortgages -- subprime and ...

AAA-rated counties also feel squeezed - Gazette
The credit crunch that is making it hard for consumers with good credit to get mortgages and car loans also is pinching local governments with AAA ratings. And if local governments can't borrow money, projects such as schools and roads — which ...

Election 2008 - Weekly Standard
Bill Sammon's sources tell him Steele may announce as soon as Thursday , and is courting the endorsement of Newt Gingrich, which if landed, would do much to scare off the incumbent and possible challengers: The source also contradicted a report in ...

October 2008 (158) - MSNBC Firstread
One thing we know is that next Wednesday it’ll be over, right? We’ll know who the new president will be and whether the Democrats will have a filibuster-proof majority of 60 in the Senate? Right? Maybe not. Insiders in Georgia are convinced that ...

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