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Get Schooled - Atlanta Journal ConstitutionThe entry titled "Helping transient students," and any of the comments about it. The first week of January is usually slow for school news. But 2009 is proving to be an exception. So far we have Fayette schools asking teachers to donate their raises ...
With foreclosed homes available, Habitat remodels its methods - Atlanta Journal ConstitutionUntil this year, Habitat for Humanity followed a predictable pattern for getting deserving families into homes: collect donations, purchase land, then build a house from scratch using volunteer labor. In 2009, with record numbers of foreclosed ...
Don't give up on your 401(k) - Burlington Free PressThe bear market is no abstract mathematical notation, no mere number on a newspaper page: It’s a concrete change in your life, and not a good one, especially if you’re saving for retirement. Consider this: If your 401(k) had $100,000 invested in ...
Assess, Rebalance Your 401(k) After 2008 Losses - KXTV News10NetUNDATED - The bear market is no abstract mathematical notation, no mere number on a newspaper page: It's a concrete change in your life, and not a good one, especially if you're saving for retirement. Consider this: If your 401(k) had $100,000 ...
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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