Murdock Mortgage Rates and Information Online from competing Lenders

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2009 Economic Forecast - KELOLAND TV
KELOLAND companies weren't immune to the pink slips and red ink that accompanied 2008. That's why the new year hasn't come soon enough for people affected by the recession. But will 2009 be any better? Rebecca Murdock is the head of the CPA program ...

Going to take a miracle to save church - Cincinnati.com
Pastor Tim Patten has searched religiously for a rescue plan to save the church building and 26 acres from going to the highest bidder at the county sheriff's sale. But he concedes the inevitable is about to happen. Unless a last-minute benefactor ...

Online Opinion is your chance to tell Keloland what you think. - KELOLAND TV
KELOLAND companies weren't immune to the pink slips and red ink that accompanied 2008. That's why the new year hasn't come soon enough for people affected by the recession. But will 2009 be any better? Rebecca Murdock is the head of the CPA program ...

Church Hopes Courts Will Stop Auction - WKRC
Lawyers plan a last-ditch effort this morning to try to keep a local church off the auction block. An attorney for the Crosspointe Community Church in Hamilton Township will file paperwork this morning in an attempt to get an injunction. Crosspointe ...

Looking Back Part 2: 2008 ended on good note - Bellevue Leader
ASHLAND - In 2008, Ashland and the surrounding communities saw their share of triumphs and tragedy. The second half of the year began with more news on the closing of a local grain elevator and with the annual Stir-Up celebration that livened the ...

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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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