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News about Mortgages:
Housing crisis creates opportunities - Alton TelegraphHousing crisis creates opportunitiesAlton Telegraph, IL - Jan 4, 2009John Meile, a loan officer with First Integrity Mortgage in Swansea, who services many accounts in Madison County, said he has processed 10000 loans over ...
Cold comfort for city's homeless - South Wales Evening PostCold comfort for city's homelessSouth Wales Evening Post, UK - Jan 1, 2009"There is a hostel in Swansea waiting to be opened, but it can't open because it does not have the right emergency exits," he said. ...
Car Credit City opens fourth dealership in O'Fallon - Belleville News DemocratCar Credit City opens fourth dealership in O'FallonBelleville News Democrat, USA - Dec 29, 2008Swansea insurance agency Affiliated Insurance Specialists has a new name. The agency at 4021 N. Illinois St. is now known as Egisure Insurance. ...
Tumbling prices and new mortgage shortages pile the pressure on buyers - WalesOnlineTumbling prices and new mortgage shortages pile the pressure on buyersWalesOnline, United Kingdom - Dec 26, 2008Prices in Llanelli fell by 12%, while Swansea and Bridgend recorded falls of 5.6% and 7.8% respectively. A smaller fall of 3.4% was recorded in Wrexham. ...
Fresh storms over AMs’ expenses - WalesOnlineFresh storms over AMs’ expensesWalesOnline, United Kingdom - Dec 16, 2008Lib Dem candidate Peter May, a Swansea councillor who will contest Swansea West at the next general election, highlighted an item in Finance Minister Andrew ...
All eyes on Obama as Middle East crisis provides early test of his ... - WalesOnlineAll eyes on Obama as Middle East crisis provides early test of his ...WalesOnline, United Kingdom - Jan 2, 2009Professor Jon Roper, an expert in US politics at Swansea University, said: “There were people before Christmas saying he was going to be a domestic ...
Bridge reopening a welcome site for businesses - Fall River Herald NewsBridge reopening a welcome site for businessesFall River Herald News, USA - Dec 16, 2008“We get people coming here from both sides of the bridge, especially people from Barrington, Warren and Swansea. But let’s face it, when it comes to a six ...
Keep jobs in US - Belleville News DemocratKeep jobs in USBelleville News Democrat, USA - Dec 30, 2008A concerned citizen called the paper to say that I voted against a property tax decrease in Swansea. Well, that is not correct, but it does provide for a ...
Spend now and regret it later? - South Wales Evening PostSpend now and regret it later?South Wales Evening Post, UK - Dec 23, 2008National figures show a year-on-year increase of 35 per cent in mortgage and secured loan arrears problems. Swansea Citizens Advice Bureau (CAB) and others ...
GGP wins two-month lease on life - Providence Business NewsGGP wins two-month lease on lifeProvidence Business News, RI - Dec 18, 2008By PBN Staff CHICAGO – General Growth Properties Inc. (NYSE: GGP) has won two more months to pay or refinance $900 million of mortgage debt that expired ...
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