Shelby Mortgage Rates and Information Online from competing Lenders
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Birmingham Mayor Larry Langford arrested on federal charges - Everything Alabama BlogJoe Songer/Birmingham News Birmingham Mayor Larry Langford. Birmingham Mayor Larry Langford was arrested this morning on federal charges and is being held at the federal courthouse, the FBI and other federal officials confirm. See documents and past ...
GM, Ford, Chrysler CEO Jobs May Hinge on Bailout Plan (Update3) - BloombergDec. 1 (Bloomberg) -- General Motors Corp. Chief Executive Officer Rick Wagoner and his counterparts at Ford Motor Co. and Chrysler LLC will put their jobs on the line this week when they try to convince Congress they can save their companies. U.S ...
Automaker CEOs prepare for new bailout appeal - Asbury Park PressGeneral Motors Corp. Chief Executive Officer Rick Wagoner and his counterparts at Ford Motor Co. and Chrysler LLC will put their jobs on the line this week when they try to convince Congress they can save their companies. U.S. House Speaker Nancy ...
FAITH MATTERS: Be thankful - God is still in control - Shelby StarThe economy may be bad and the unemployment rate high, but God can still provide for all of our needs. The uncertainties of the stock market, the economy, the job market and in our nation and world don't have to stress you and get you down. God is ...
GM, Ford, Chrysler CEO Jobs May Hinge on Bailout Plan - Daily Business Revieweneral Motors Corp. Chief Executive Officer Rick Wagoner and his counterparts at Ford Motor Co. and Chrysler LLC will put their jobs on the line this week when they try to convince Congress they can save their companies. U.S. House Speaker Nancy ...
Alabama’s Slumping Real Estate Market - NBC 13Business is slowing down for Alabama’s real estate agents and mortgage companies. New numbers are out from the Birmingham Association of Realtors: So far this year, total residential sales are down 27% from a year ago. The average price for homes ...
Citi dodges bullet - CNN MoneyNEW YORK (CNNMoney.com) -- The U.S. government on Sunday announced a massive rescue package for Citigroup - the latest move to steady the banking giant, whose shares plunged in the past week on fears about the bank's health. The plan has two key ...
Heckuva Bailout: Citi and AIG Will Still Pay Hundreds Of Millions In ... - Huffingtonpost.comIn his press conference today, Obama says he wants Detroit automakers to come up with a "plan" before they can receive a bridge loan that will keep three million jobs from being lost as we teeter on the edge of a global depression. I guess this is ...
Obama's Stimulus Package: How Big? Schumer Floats $500-700B - ABC News BlogsPresident-elect Barack Obama is pushing Congress for a robust economic stimulus package he can sign into law in January. But the question is: how big? In an interview on "This Week," Joint Economic Committee chair Sen. Charles Schumer, D-NY., told ...
Citigroup Rescue Charts New Course for Bank Bailouts (Update1) - BloombergNov. 25 (Bloomberg) -- The U.S. government’s emergency rescue of Citigroup Inc. offers a new model for bank bailouts: explicitly insuring against losses on toxic assets, with taxpayers footing the bill. The Citigroup plan extends the federal ...
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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