Millville Mortgage Rates and Information Online from competing Lenders

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N.J. home foreclosure filings outpace national rate - Newark Star-Ledger
For the first time since the onset of the housing slump, the rate of foreclosure filings in New Jersey outstrips the national average. In September, one in every 453 homes in the state received a filing -- either a default notice, a scheduled sheriff ...

Homeownership preservation clinic scheduled in Vineland - Bridgeton News
VINELAND -- As New Jerseyans continue to struggle with economic uncertainty, Sen. Robert Menendez has announced an additional homeownership preservation clinic this Friday to offer information, direction and assistance to homeowners who are ...

Seven accused of wrongly collecting unemployment - Philadelphia Inquirer
The state Attorney General's Office has charged seven South Jersey residents with collecting unemployment benefits while they had jobs. They were among 14 people statewide who were indicted on charges of stealing a combined $253,331 from the state's ...

Ocean City summer revenues down, but numbers still good, officials say - Atlantic City Press
OCEAN CITY - The resort had a ho-hum summer based on the city's tourism barometers. But in a year of plummeting stocks, outrageous gas prices and a historic home-mortgage collapse, ho-hum sounds pretty good, tourism officials said. Parking fees ...

Workshop to help local homeowners - Daily Journal
U.S. Sen. Robert Menendez, D-N.J., announced a homeownership preservation clinic will be held Friday in Vineland to offer information, direction, and assistance to homeowners who are experiencing difficulty in making their mortgage payments and are ...

More southern New Jersey schoolchildren eating for free or for less - Atlantic City Press
Students get their lunches Wednesday in the cafeteria at Reeds Road Elementary School in Galloway Township. New Jersey schools get more than $175 million per year in federal reimbursement for breakfast and lunch programs. Danny Drake / The Press of ...

Sept. home sales a ray of hope - Worcester Telegram & Gazette
September home sales in Massachusetts provided the only ray of optimism for the third quarter, with the first monthly year-over-year increase of 2008. But median prices fell for single-family homes and condominiums for the period from July through ...

Bailout optimism premature - Daily Star
ONEONTA _ With reports midday Thursday that an agreement for a financial bailout of the banking system was getting closer, the reaction was mixed from people who shared their opinion. Six people discussed the situation outside the Wal-Mart on Oneonta ...

Wall Street crisis may be good for Cumberland - Daily Journal
VINELAND -- The financial crisis that federal and state governments are scrambling to fix is a potentially lucrative opportunity for well-prepared communities. And Cumberland County intends to be one of those communities. County officials, with an ...

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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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