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News about Mortgages:
Young aged 18 to 24 twice as likely to buy homes - National Post (blog)Young aged 18 to 24 twice as likely to buy homesNational Post (blog)"The expectation of higher mortgage rates on the horizon could be motivating buying intentions this year," Moffat said, adding that first time homeowners ...Housing market expected to surge: RBCAdvisor.caCanadians eye interest rates, propertyyourhome.caall 72 news articles »
Moffat to face vote on future - The SunMoffat to face vote on futureThe SunMoffat was embroiled in last year's Westminster expenses scandal and she has been ordered to repay £2873.53 for a Sky package, mortgage interest, ...and more »
Dean Brown scheduled to appear in Court at 1 pm March 15th 2010 - Loyalist College PioneerDean Brown scheduled to appear in Court at 1 pm March 15th 2010Loyalist College PioneerIt then took two overtime periods before Mitch Moffat of Bowmanville converted on a givaway in the slot to put the Eagles up two games to one in the CCHL ...and more »
More young Canadians taking advantage of low interest rates in housing market - The Canadian PressThe Canadian PressMore young Canadians taking advantage of low interest rates in housing marketThe Canadian Press"Basically parents are begging their kids to buy now because they remember when they were paying 12 to 15 per cent mortgage interest," Tal said. ...and more »
Trio Charged with Fraud for Real Estate Scheme - The Street SweeperTrio Charged with Fraud for Real Estate SchemeThe Street SweeperWhen mortgage holders began to default on their loans, the AP explained, the couple allegedly relied on funds from new investors to pay off earlier ...and more »

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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.
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