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Councilman wants Cleveland school named for Obama - Zanesville Times RecorderCLEVELAND (AP) — An official wants Cleveland to be among the first cities with a school named in honor of Barack Obama. Councilman Zack Reed says re-christening Nathan Hale Elementary after America’s first black president would be truly fitting ...
October home sales in area up marginally over last year - State Journal-RegisterThe Springfield-area housing market produced an October surprise — a tiny increase in home sales over the same month in 2007 — but local experts said Monday the unexpected increase might not be a lasting trend. Sales closed during October ...
'Famous' Bill's Restaurant in Greenfield sold for $210,000 at auction - Union-News & Sunday RepublicanPhotos by Michael S. Gordon / The Republican Paul W. Scheer, president of Aaron Posnick Auctioneers, right, takes during the auction of Bill's Restaurant in Greenfield on Monday. Paul Chang, left, and Joseph A. Poirier, the new owners of Bill's ...
Republic couple seeks damages against Greenleaf investment firm - News-Leader.comIn a lawsuit filed last week in Greene County Circuit Court, a Republic couple is accusing Greenleaf Co.s of Springfield of breach of contract and unlawful business practice, seeking punitive damages and a release from the contract. In the petition ...
Toy for Joy campaign launches 86th season in Western Mass. - Union-News & Sunday RepublicanSPRINGFIELD -Registration for Toy for Joy, which has brightened the Christmas mornings of needy families for 85 years, will commence on Monday. The annual holiday campaign, sponsored by The Republican and the Salvation Army, launches its 86th season ...
Property developers offering $35k sweeteners - Brisbane TimesQueensland property developers are offering up to $35,000 in discounts to entice cautious buyers into new homes, as uncertainty in the property market continues to mount. Springfield Land Corporation has promised to discount the mortgage repayments ...
$7 million later, Korean War Museum still just a vision in Illinois - Quad-Cities TimesSPRINGFIELD — A nonprofit group has been collecting donations for a decade to establish a first-of-its-kind national museum in Springfield honoring veterans of the Korean War. The group has raised more than $7 million in that time — most of it ...
Fundraising questions hamper effort to memorialize the Korean War - St. Louis Post-DispatchSPRINGFIELD, Ill. — A non-profit group has been collecting donations for a decade to establish a first-of-its-kind national museum in Springfield honoring veterans of the Korean War. The group has raised more than $7 million in that time — most ...
'Excellent credit to bankruptcy' in two years - News-Leader.comHoping to earn $50,000 in three years to help pay for their son's college education, an Iowa couple joined what was described as a risk-free housing investment program run by a Springfield company -- only to find their lives in financial ruins two ...
Home Deal Fails For Centerton Families - Morning NewsCENTERTON -- James and Patricia Leach of Bentonville couldn't believe their luck in September 2006 when they were approved to buy a home. The recently married couple found their dream home in Centerton. But two years, two months, and $51,000 later ...
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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