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Pas seeks school board applicants - Mississippi PressPASCAGOULA The Pascagoula City Council voted Tuesday night to accept applications for a school board seat that expires in March. The current member occupying that seat, board President Mike Concannon, said he will submit his name to the council for ...
Changing of presidential guard to ripple Mid-South - Memphis Commercial AppealWASHINGTON -- An Obama administration is expected to make a big and immediate impact nationwide, with tangible changes occurring in Memphis as the new president takes over. In three policy areas in particular -- worker classification, agricultural ...
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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