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Steven Sisson | Don’t just stand there. Give ‘im a pencil - Augusta Free PressIn 2003, the Blue Dog first met Congressman Virgil Goode at the Greene County Strawberry Festival. While shaking hands and passing-out Sisson for Senate campaign literature, I heard a high-pitched shrilled voice calling-out … “Steeeveee Sissssson ...
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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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