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News about Mortgages:
WL condo project's future unclear - Journal and CourierWL condo project's future unclearJournal and Courier, IN - Jan 7, 2009By Michael Malik • mmalik@journalandcourier.com • January 8, 2009 The recession could change the scope of a West Lafayette development aimed at Purdue ...
Low Interest Rates - KATCLow Interest RatesKATC, LA - 4 hours agoVangie Jolivette, Mortgage Lending Manager at Home Bank in lafayette says, refinancing can help an individual or family increase their monthly cash flow, ...
Local Chicken Growers Forced To Close Farms - WCTVLocal Chicken Growers Forced To Close FarmsWCTV, FL - 3 hours agoBetween December 31st and January 1st, 19 chicken growers in Suwannee, Madison, Lafayette, Taylor and Hamilton counties were notified that their contract ...
Court blotter - Salina.comCourt blotterSalina.com, KS - 21 hours agoCIVIL JUDGMENTS -- Court grants GMAC Mortgage a mortgage foreclosure against Shaun Tappendick and Brandy Tappendick for property at 704 W. Crawford for a ...
Local Poultry Growers Lose Farms - WCTVLocal Poultry Growers Lose FarmsWCTV, FL - Jan 7, 2009Martinez is one of the 19 chicken farmers in Suwannee, Madison, Lafayette, Taylor and Hamilton Counties that Pilgrim's Pride poultry plant is terminating ...
Mortgage applications rise as rates fall - Journal and CourierMortgage applications rise as rates fallJournal and Courier, IN - Dec 27, 2008Mennen said his Lafayette-based business, which specializes in home loans, has even considered extending hours to keep up with demand. Mortgage applications ...
Low Performing Schools; Rep. Hardy Requests Better - KATCLow Performing Schools; Rep. Hardy Requests BetterKATC, LA - Jan 5, 2009Three Lafayette Parish Schools are under fire from a State Representative. Rickey Hardy is asking the state to step in and run Alice Boucher Elementary, ...
Next step in sale of theater is in the bank’s hands - Roanoke Rapids Daily HeraldNext step in sale of theater is in the bank’s handsRoanoke Rapids Daily Herald, NC - Jan 6, 2009ROANOKE RAPIDS— Attorneys are in the third revision of the draft of a contract to allow Lafayette Gatling to buy The Roanoke Rapids Theatre in a ...
Legal fight over Atlantic House - York WeeklyLegal fight over Atlantic HouseYork Weekly, NH - 20 hours agoDeStefano & Associates, Lafayette Road, Portsmouth, brought the civil action in October against Atlantic House at York Beach LLC and other defendants ...
Fulton Financial Corporation Announces Dates for Fourth Quarter ... - CNNMoney.comFulton Financial Corporation Announces Dates for Fourth Quarter ...CNNMoney.com - Jan 6, 2009Residential mortgage lending is offered by all banks through Fulton Mortgage Company. Additional information on Fulton Financial Corporation is available on ...

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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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