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Council on Aging Events - Abington MarinerHome Instead Senior Care, 6 Eastman Place, Melrose, is holding its annual “Be a Santa to a Senior” gift giving program. Simply stop by the Christmas tree at Foodmaster, 880 Main St., Melrose, and choose an ornament decorated with a local senior ...
OPEC chief wants to broaden cartel - SalonDec 2nd, 2008 | ALGIERS, Algeria -- The head of OPEC says he hopes oil producing nations like Russia will join the organization, or at least agree to output cuts to help spark a rally in prices. Chakib Khelil, who is also Algeria's oil minister, says ...
Unicredit offers mortgage relief in Italy - SalonDec 2nd, 2008 | MILAN, Italy -- Italy's largest bank Unicredit said Tuesday it will suspend mortgage payment requirements for 12 months without penalties for homeowners in financial difficulty. Unicredit said 260,000 homeowners whose income was below ...
Wild rally, beat Lightning 4-2 - FOX NewsST. PAUL, Minn. — Marc-Andre Bergeron assisted on a pair of goals early in the third period as the Minnesota Wild rallied to beat the Tampa Bay Lightning 4-2 on Friday afternoon. With the Wild trailing 2-1, Bergeron's slap shot was tipped by James ...
Category: 100% Pure Cheese - PopwatchWhy you should gobble up 12 hours of the SoCal, so-cool crew: Thanksgiving may be all about family, but let's be honest: You're gonna want to escape crazy Aunt Sally and her lace-up leather skinnies at some point. So why not take a trip to one of the ...
Germany, Merkel urge swift action to boost economy - SalonNov 26th, 2008 | PARIS -- The leaders of France and Germany have called for swift action by Europe to stem an economic slide. President Nicolas Sarkozy and Chancellor Angela Merkel have called for measures like an injection of state cash for small ...
National Bank of Greece reports flat 3Q profit - SalonNov 26th, 2008 | ATHENS, Greece -- National Bank of Greece said Wednesday its third quarter net profit remained flat compared to the previous quarter as higher profits in southeast Europe and Turkey offset losses in Greece. NBG, the country's largest ...
Midwest Bank to get $85.5 million - Chicago TribuneMidwest Banc Holdings Inc. , which held big stakes in Fannie Mae and Freddie Mac preferred stock when the mortgage entities went belly up in September amid the global financial meltdown, is expected to announce Monday that the U.S. Treasury ...
Midwest Banc Holdings Incorporated - Chicago TribuneMidwest Banc Holdings Inc., hurt by its Fannie Mae and Freddie Mac preferred stock holdings, is scheduled to make an announcement Monday. The Melrose Park-based bank did not elaborate. Midwest had said Monday that its Midwest Bank unit "would remain
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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