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News about Mortgages:
California’s Great Olive Oil Flood - The Santa Barbara IndependentCalifornia’s Great Olive Oil FloodThe Santa Barbara Independent, CA - Jan 8, 2009From dawn to dusk, pickers stand in ladders and “milk” the fruit from each springy branch into buckets hanging from their necks. ...
DeSoto residential building permits hit 10-year low - Memphis Commercial AppealDeSoto residential building permits hit 10-year lowMemphis Commercial Appeal, TN - Jan 6, 2009Olive Branch issued 123, Hernando issued 74, Horn Lake issued 26 and Walls issued two. The most residential single-family building permits issued since 1999 ...
IRS extends olive branch to struggling taxpayers - Youngstown VindicatorIRS extends olive branch to struggling taxpayersYoungstown Vindicator, OH - Jan 6, 2009Record numbers of homeowners are falling behind on mortgage payments, and the US economy is losing jobs at an alarming rate. ...
Fewer new homes in DeSoto - Memphis Commercial AppealFewer new homes in DeSotoMemphis Commercial Appeal, TN - Dec 17, 2008Olive Branch is one city that has made adjustments in anticipation of less revenue. This fall, elected city officials passed a budget with a 2.73 percent ...
North West Evening Mail - NW Evening MailNorth West Evening MailNW Evening Mail, UK - Dec 29, 2008Olive Butler, regional campaign officer for the North West branch of Shelter, said: “There are still many severe shocks to come in the near future, ...
The best of 2008 - Waynesville Smoky Mountain NewsThe best of 2008Waynesville Smoky Mountain News, NC - Dec 31, 2008Legasus offered an olive branch to locals with round tables and public forums designed to address the community’s concerns, but residents weren’t won over ...
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