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Springs of South County - Herald-Mail• This is the 172nd in a series of articles about the historical and architectural treasures of Washington County. The house at Belinda Springs sits south of Sharpsburg on a private gravel lane a half-mile east of Harpers Ferry Road. Mature ...
Habitat provides Sharpsburg house to family of 8 from Kenya - Pittsburgh Post-GazetteMohamed Msulwa, with his wife, Khadja Mugaza, beams after cutting the ceremonial ribbon to his family's newly remodeled Sharpsburg home after a dedication ceremony marking the completion of the Habitat for Humanity project. The 5-year-old girl was ...
Habitat appeals for help - Pittsburgh Tribune ReviewThe national financial crisis is threatening the region's Habitat for Humanity's efforts to help low-income families such as the Msulwa family from Somalia. Declining donations may cut into the group's ability to provide no-interest mortgages like ...
Somalian Refugees Get New Home In Pittsburgh - Pittsburgh ChannelPITTSBURGH -- Home ownership is a difficult goal these days. But imagine never living in a house, instead growing up in a tent or a refugee camp. So imagine how one local Somali family must feel as they move into their first house. The Somali Bantu ...
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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