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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
Mineral mortgage rates news:
Financial News
Growth expected to hit 6yr low - Australian Broadcasting Corp.
Economists are expecting official figures out today to show there is been a marked slowing in annual economic growth. The figures are tipped to show the economy expanded by 0.2 per cent in the September quarter, to take the annual growth rate to just ...

Economic growth slows to a crawl - Australian Broadcasting Corp.
New official figures show annual economic growth has fallen to its lowest level in seven years. The National Accounts show the economy grew by 0.1 per cent in the September quarter, less than the 0.2 per cent quarterly growth rate most economists had ...

Up in smoke - The Australian
AUSTRALIAN prosperity owes much to burning carbon and importing capital. The convict colony became commercially solvent by supplying raw materials to Britain's coal-fired industrial revolution. The nation's modern development remained hitched to the ...

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