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Fixed rate was my rookie mistake - Windsor StarWhen it comes to ranking some of my biggest financial blunders, getting a fixed-rate mortgag when I purchased my first home is right near the top. "Don't lock in, mate, it never makes sense," I remember a senior columnist at the Financia Post telling ...
Banking rescue fund not a 'panacea' for economy: Paulson - Windsor StarTreasury Secretary Henry Paulson rejected using the government's financial-rescue program as a "panacea" for economic difficulties, clashing with lawmakers who want the funds to help beleaguered homeowners and automakers. "The rescue package was not ...
Generals put Tavares on market - Sportsnet.caThe Oshawa Generals have set the wheels in motion to trade John Tavares. A source told sportsnet.ca the Generals contacted a few teams Wednesday morning indicating they are now open to offers for the superstar centre, who was anointed by the NHL’s ...
Buzz: Down payment assistant programs doing brisk business - Record SearchlightShasta County has run out of money. The city of Redding is scrambling to find more. Welcome to DAP circa 2008. DAP stands for down payment assistant program and with home prices plunging and mortgage rates low, interest in this aid is booming. Shasta ...
Small firms: Brown’s last throw - Times OnlineFor Dan Scarfe, an IT entrepreneur in Windsor, times have never been better. In the past few months his software firm Dot Net Solutions, which helps businesses save money by making their IT systems more efficient, has been overwhelmed with requests ...
The Millionaire Arsonist Is a homeless felon really expected to pay ... - SlateHe isn't. Instead, he's expected to pay a tiny bit every month until he dies. The man, Steven Emory Butcher, currently receives $1,000 a month in Supplemental Security Income, which is basically welfare for the elderly, disabled, or blind. The ...
Housing slump deepens as prices drop most in 26 years - Globe and MailSilver Standard (America is a welfare queen superpower) from Canada writes: Well guys in a few years I will finally be able to afford a house. I remember earlier this year I was insulted on this forum for saying such a thing. Prices are going to fall ...
John...Ish... Ishmael from Brampton ON, Canada writes: - Globe and Mail>>>>Oswaldo I from Canada writes: These will be government (or government funded) jobs. No chance of getting the U.S. federal debt under control without massive tax increases. Posted 22/11/08 at 1:12 PM EST>>> Look to Canada for a moment: Government ...
MASSACHUSETTS LOCAL NEWS - Union-News & Sunday Republican• Atheist247 -- WOW this is great!! 2 more dir... • Farm55 -- I know the piece. Runs from So... • Swinger469 -- Suckingsound Illegal Casinos? ... • SpfldMatt -- Rt 91 is relatively comparable... • vaio1984 -- I saw another comment on anoth ...
Uncle Fester from Canada writes: - Globe and Mailgilles monenemie from Montreal, Canada writes: I drove an AMC Pacer (the spaceship with wheels) the worst car ever, i am glad we didn't have dalton around to save AMC. GM sold 45% less cars than a year ago. The product is crap. its not toyota and ...
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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